Updated Oct 29, 2024
Habitat Living NYC Acquires Park Slope Multifamily For $3.1M With @S3Capital Financing
708 Degraw St, Brooklyn, NY 11217, USA
$3,075,000
$59/SF
Building Size
52,130 SF
Asset Type
MultiFamily
Closing
Jan 12, 2020
About this deal
AI
The multifamily property located at 708 Degraw Street in Park Slope, Brooklyn has been sold in a closed transaction. The property spans a total of 5,213 square feet and consists of 3 units. The acquisition loan, provided by S3 Capital, amounted to $3,075,000. The loan terms specify that the property will be converted into a 3-unit condo building. The transaction was facilitated by brokers Steven Jemal and Robert Schwartz from an undisclosed agency.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Property Size: 5,213 square feet
- Address: 708 Degraw Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
Habitat Living NYC, represented by Elie Scharf, served as the landlord for the transaction. Please note that no further information about the buyer is available.
On the Map
$3,075,000
$59/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93