Keter Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $1.95M
SOLD
$1,950,000
+ 1
New York
See Similar DealsMultiFamily2,874 SF
Sold 08/24/2023
SOLD
Keter Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $1.95M
274 9th St Brooklyn, NY 11215, USA
See Similar DealsMultiFamily2,874 SF
Sold 08/24/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$678
Total Square Footage:2,874 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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