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
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