Peak Capital Advisors Acquires Multifamily Building In Park Slope, Brooklyn For $8.1M
453 3rd Street Park Slope
Building Size
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Asset Type
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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.
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