Updated Dec 19, 2023
Marcus & Millichap Sells Multifamily Property In Park Slope, Brooklyn For $3.18M
864 President Street, Park Slope, Brooklyn, NY, USA
$3,180,000
$614/SF
Building Size
5,176 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
The multifamily property located at 864 President Street in Park Slope, Brooklyn was recently sold in a closed transaction. The property consists of 7 units with a total square footage of 5,176. The sale price for the property was $3,180,000, resulting in a price per unit of $454,285 and a price per square foot of $614.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,180,000
- Units: 7
- Price per Unit: $454,285
- Total Square Footage: 5,176
- Price per Square Foot: $614
- Market: Park Slope, Brooklyn
Ronald Krieb was the seller of the property. The deal was facilitated by Shaun Riney, Mark Zarrella, and Perry Landsman from Marcus & Millichap, who represented the seller in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93