Daniel Deighton Acquires Multifamily Property In Cobble Hill, Brooklyn For $3.73M
231 Baltic Street, Brooklyn, NY 11201
$3,730,000
$902/SF
Building Size
4,132 SF
Asset Type
MultiFamily
Closing
May 20, 2020
AI
Located at 231 Baltic Street in Cobble Hill, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of four units and spans a total of 4,132 square feet. The sale price for this property was $3,730,000, resulting in a price per square foot of $903. The buyer of the property was Daniel Deighton, while the seller was The Porretto Family.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,730,000
- Square Footage: 4,132
- Price Per Square Foot: $903
Derek Bestreich and Daniel Shawah from Bestreich Realty Group, along with Aran Scott from Douglas Elliman, represented the parties involved in this transaction. Their expertise and guidance helped facilitate the successful sale of this multifamily property.
Players
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
4.25%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93