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453 3rd Street Park Slope

Peak Capital Advisors Acquires Multifamily Building In Park Slope, Brooklyn For $8.1M
SOLD

Peak Capital Advisors Acquires Multifamily Building In Park Slope, Brooklyn For $8.1M

453 3rd Street Park Slope

Building Size

Asset Type

Closing

Jun 9, 2023

AI

A multifamily residential walkup building has been sold for a total of $8,100,000. The asset, located at 453 3rd Street in the Park Slope neighborhood of Brooklyn, comprises eight units with a total square footage of 11,092 and a price per square foot of $730.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Units: 8
  • Price Per Unit: $1,012,500
  • Square Footage: 11,092
  • Price Per Square Foot: $730
  • Buyer: Peak Capital Advisors - Alex Rabin
  • Seller: Naji A. Almontaser

Peak Capital Advisors, represented by Alex Rabin, has completed the acquisition of this property from Naji A. Almontaser, marking a significant transaction in the Brooklyn real estate market.

Players

Alex Rabin

Peak Capital Advisors

Buyer

$407.9M

vol

61 deals

Buyer

Brooklyn CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93