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Daniel Deighton Acquires Multifamily Property In Cobble Hill, Brooklyn For $3.73M

Property Image
SOLD
$3,730,000

New York

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MultiFamily4,132 SF
Sold
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Property Image
SOLD

Daniel Deighton Acquires Multifamily Property In Cobble Hill, Brooklyn For $3.73M

231 Baltic Street, Brooklyn, NY 11201

See Similar Deals
MultiFamily4,132 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$902
Total Square Footage:4132 SF
Transaction Type:Sale

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

Derek Bestreich
308 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Aran Scott
Douglas Elliman
5 deals$19.8M volume
BROKER

Details

SOLD
IMAGE: Aran Scott, Derek Bestreich & Daniel Shawah DATE: 05/20/2021 ADDRESS: 231 Baltic Street MARKET: Cobble Hill, Brooklyn ASSET TYPE: Multifamily BUYER: Daniel Deighton SELLER: The Porretto Family BROKERS: Derek Bestreich & Daniel Shawah - Bestreich Realty Group (@BRG_CRE); Aran Scott - @DouglasElliman SALE PRICE: $3,730,000 SF: 4,132 ~ PPSF: $903 UNITS: 4 ~ PPU: $932,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$198,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,251.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,682.10
Annual Debt Service$212,185.24