Keter Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $2M
SOLD
$2,000,000
+ 1
New York
See Similar DealsMultiFamily2,426 SF
Sold 03/11/2021
SOLD
Keter Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $2M
342 9th Street, Park Slope, Brooklyn, NY, USA
See Similar DealsMultiFamily2,426 SF
Sold 03/11/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$824
Total Square Footage:2,426 SF
Transaction Type:Sale
The multifamily property located at 342 9th Street in Park Slope, Brooklyn has been sold for $2,000,000. The property has a total square footage of 2,426 and a price per square foot of $824. It is zoned as R6A and falls under the asset type of multifamily. The sale took place on March 11, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 342 9th Street
- Market: Park Slope, Brooklyn
- Zoning: R6A
The buyer of the property is Keter Holdings, represented by Samuel & Michael Silverman. The seller of the property is Mary Biondo. The transaction was facilitated by Adam Lobel & Toby Waring of Bestreich Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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