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914 President Street, Brook...

Charlie Brownstone & Co. Acquires Multifamily Property In Park Slope, Brooklyn For $3.6M
SOLDMultiFamily

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

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

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
C
CoBuyer

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