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Investment Property Realty Group Facilitates $5.5M Sale Of Cobble Hill Multifamily Property

Property Image
SOLD
$5,525,000
Luke Sproviero
Daniel Shawah
+ 2

New York

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MultiFamily8,400 SF
Sold 09/14/2022
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Property Image
SOLD

Investment Property Realty Group Facilitates $5.5M Sale Of Cobble Hill Multifamily Property

151 Baltic Street

See Similar Deals
MultiFamily8,400 SF
Sold 09/14/2022
Luke Sproviero
Daniel Shawah
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$657
Total Square Footage:8,400 SF
Transaction Type:Sale

The multifamily property located at 151 Baltic St. in Cobble Hill, Brooklyn has been sold in a recent transaction. The property consists of 8 units, with a total square footage of 8,400. The sale price for the property was $5,525,000, resulting in a price per unit of $690,625 and a price per square foot of $657.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $5,525,000
  • Number of Units: 8
  • Price per Unit: $690,625
  • Total Square Footage: 8,400
  • Price per Square Foot: $657
  • Address: 151 Baltic St.
  • Market: Cobble Hill, Brooklyn

The sale of this multifamily property at 151 Baltic St. was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Daniel Shawah of Investment Property Realty Group (IPRG). They represented the buyer and/or seller in this transaction, ensuring a successful deal for all parties involved.

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Daniel Shawah DATE: 09/14/2022 ADDRESS: 151 Baltic St. MARKET: Cobble Hill, Brooklyn ASSET TYPE: Multifamily BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BKlynBricks) & Daniel Shawah (@DanielJShawah) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $5,525,000 UNITS: 8 ~ PPU: $690,625 SF: 8,400 ~ PPSF: $657

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,629.15
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