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1671 8th Avenue

Stav Equities LLC & Terra CRG Sell Park Slope Multifamily For $2M
SOLDMultiFamily

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

Jacob Stavsky

Stav Equities LLC

Broker

$175.2M

vol

29 deals

Broker

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