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151 Baltic Street

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

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

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

2.87%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93