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231 Baltic Street, Brooklyn...

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

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 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

4.25%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93