Updated Dec 20, 2023
Sophie Staples-vangel Acquires Multifamily Property In Park Slope, Brooklyn
94 Park Place, Brooklyn, New York 11217, United States
$5,100,000
$1,519/SF
Building Size
3,356 SF
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
AI
A multifamily property located at 94 Park Place in Park Slope, Brooklyn was recently sold. The property has a total buildable square footage (BSF) of 3,750 and a price per buildable square footage (PPBSF) of $1,360. The total square footage (SF) of the property is 3,356, with a price per square footage (PPSF) of $1,519.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 94 Park Place, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Buyer: Sophie Staples-vangel
- Seller: Jesse Cohn
The property has a floor-area ratio (FAR) of 1.79 and falls under tax class 1. The lot size is 1,875 square feet, and the last recorded sale for the property was for $3,900,000 on January 23, 2020. The property underwent an alteration permit on August 18, 2015.
Additionally, the lot dimension of the property is 18.75 ft x 100 ft.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93