Investment Property Realty Group Facilitates $5.5M Sale Of Cobble Hill Multifamily Property
151 Baltic Street
$5,525,000
$657/SF
Building Size
8,400 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93