Stav Equities LLC & Terra CRG Sell Park Slope Multifamily For $2M
1671 8th Avenue
$2,000,000
$533/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Apr 8, 2024
AI
The multifamily property located at 1671 8th Avenue, Park Slope, Brooklyn, was sold for $2,000,000. The property consists of 6 units with a total square footage of 3,750, translating to a price per unit of $333,333 and a price per square foot of $533.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 6
- Price per Unit: $333,333
- Square Footage: 3,750
- Price per Square Foot: $533
- Address: 1671 8th Avenue
- Market: Park Slope, Brooklyn
The sale of the property was facilitated by Jacob Stavsky from Stav Equities LLC, alongside Remi Norris and Matthew Cosentino from Terra CRG, representing the Katz Family in the transaction.
Players
Brooklyn 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93