Park Slope Associates Acquires Multifamily Property On Kane St. In Cobble Hill For $2.75M
131 Kane Street, Brooklyn, New York 11231, United States
$2,750,000
$1,023/SF
Building Size
2,688 SF
Asset Type
MultiFamily
Closing
Sep 19, 2022
AI
A multifamily property located at 131 Kane St. in Cobble Hill has been sold for $2,750,000. The property spans across 2,688 square feet, resulting in a price per square foot of $1,023. The sale took place on September 20, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Address: 131 Kane St.
- Market: Cobble Hill
The buyer of the property was Park Slope Associates, while the seller was the Senetore Family. The transaction was facilitated by TJ Higgins from the Douglas Elliman agency.
New York 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93