Park Slope Associates Acquires Multifamily Property On Kane St. In Cobble Hill For $2.75M
SOLD
$2,750,000
New York
See Similar DealsMultiFamily2,688 SF
Sold 09/20/2022
SOLD
Park Slope Associates Acquires Multifamily Property On Kane St. In Cobble Hill For $2.75M
131 Kane Street, Brooklyn, New York 11231, United States
See Similar DealsMultiFamily2,688 SF
Sold 09/20/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,023
Total Square Footage:2,688 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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