Updated Sep 9, 2024
Adam J. Hess & Edward Setton Acquire Multifamily Property In Park Slope For $3.375M
904 President Street, Brooklyn, NY 11215, USA
$3,375,000
$658/SF
Building Size
5,122 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
A multifamily property located at 904 President Street in Park Slope was recently sold. The property, with a total square footage of 5,122, was sold for a price of $3,375,000, resulting in a price per square foot of $660. The transaction took place on September 27, 2021, and the property is zoned as R7B. The capitalization rate for this sale was 5.25%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,375,000
- Address: 904 President Street
- Market: Park Slope
- Square Footage: 5,122
- Price Per Square Foot: $660
- Zoning: R7B
The sale of the property was facilitated by brokers Adam J. Hess and Edward Setton from Meridian.Capital.Group.
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
4.70%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93