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270 15th Street

Prince Mondal Sells Park Slope Multifamily At 270 15th Street For $1.3M
SOLDMultiFamily

Prince Mondal Sells Park Slope Multifamily At 270 15th Street For $1.3M

270 15th Street

$1,300,000

$73/SF

Building Size

17,600 SF

Asset Type

MultiFamily

Closing

Aug 5, 2026

AI

The property asset involved in this transaction is a MultiFamily building located at 270 15th Street in the Park Slope neighborhood of Brooklyn. The sale was completed for a transaction amount of $1,300,000 with a total of 20 units. The building has a square footage of 17,600, resulting in a price per unit of $65,000 and a price per square foot of $73.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,300,000
  • Address: 270 15th Street
  • Market: Park Slope, Brooklyn
  • Units: 20
  • Square Footage: 17,600
  • Price Per Unit: $65,000
  • Price Per Square Foot: $73
The seller of the property was Prince Mondal. The brokers representing the transaction were Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring from Investment Property Realty Group. It is noted that the building was in AEP with over 500 violations and $600,000 in monetary fines.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$627.2M

vol

146 deals

Broker

Prince Mondal

Private Investment Company

Seller

$1.3M

vol

1 deal

Seller

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93