Updated Oct 28, 2024
Charlie Brownstone & Co. Acquires Multifamily Property In Park Slope, Brooklyn For $3.6M
914 President Street, Brooklyn, NY 11215
$3,600,000
$782/SF
Building Size
4,600 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
About this deal
AI
Located in Park Slope, Brooklyn, the multifamily property at 914 President Street has changed hands in a recent closed transaction. The property is classified as a 2A tax class and spans across approximately 4,600 square feet. The sale price for this property was $3,600,000, resulting in a price per square foot of $783. The building consists of 4 units, with each unit priced at $900,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 914 President Street
- Market: Park Slope, Brooklyn
- Tax Class: 2A
The buyer of the property is Charlie Brownstone & Co., while David Barnett acted as the seller. The deal was facilitated by the following brokers: Michael Sherman from Baseline Real Estate Advisors, and Michael Falchiere and Jon Aguilar from Compass.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93