Updated Oct 29, 2024
Keter Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $1.95M
274 9th St Brooklyn, NY 11215, USA
$1,950,000
$678/SF
Building Size
2,874 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
About this deal
AI
The recently sold property in Park Slope, Brooklyn is a multifamily asset located at 274 9th Street. The property encompasses a total of 2,874 square feet and consists of three units. The sale price for this transaction was $1,950,000, resulting in a price per square foot of $678.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 274 9th Street, Park Slope, Brooklyn
- Square Footage: 2,874
- Market: Park Slope, Brooklyn
The transaction was facilitated by the buyer, Keter Holdings, represented by Michael Silverman and Samuel Silverman. The brokers involved in the deal were Adam J. Hess and Edward Setton from Meridian Capital Group. Silver Line Realty Group NY also assisted in the transaction, showcasing their expertise in investment sales, retail, and residential leasing across NYC.
Players
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93