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111 4th Place

Salvatore Galofaro Acquires Multifamily Property In Brooklyn For $3.77M
SOLDMultiFamily

Salvatore Galofaro Acquires Multifamily Property In Brooklyn For $3.77M

111 4th Place

$3,775,000

$455/SF

Building Size

8,284 SF

Asset Type

MultiFamily

Closing

Apr 16, 2024

AI

The multifamily property located at 111 4th Place in Brooklyn was sold for $3,775,000. The property comprises 11 units with a price per unit of $343,182. It spans across 8,284 square feet, resulting in a price per square foot of $456.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,775,000
  • Address: 111 4th Place
  • Market: Brooklyn
  • Units: 11
  • Price per Unit: $343,182
  • Square Footage: 8,284
  • Price per Square Foot: $456
  • Buyer: Salvatore Galofaro
  • Seller: Philip Castagliola
  • Broker: Steven Evans & Khashy Eyn - Platinum Properties

The transaction was facilitated by Steven Evans and Khashy Eyn of Platinum Properties. Salvatore Galofaro purchased the property from Philip Castagliola in this deal.

Players

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker

Brooklyn 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

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93