Updated Nov 20, 2025
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
About this deal
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.
On the Map
$3,775,000
$455/SF
MultiFamily
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Players
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