Updated Feb 24, 2025
Marcel Fridman Acquires Park Slope Multifamily For $2.45M
347 17th St Brooklyn, NY 11215
$2,450,000
$376/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
May 15, 2023
About this deal
AI
A multifamily property located at 347 17th Street in Park Slope has been sold in a recent transaction. The property consists of 5 units spread across approximately 6,500 square feet. The sale price for this transaction was $2,450,000, resulting in a per unit price of $490,000. The price per square foot is calculated to be $377.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Units: 5
- Price per Unit: $490,000
- Square Footage: 6,500
- Price per Square Foot: $377
- Market: Park Slope
The buyer involved in this transaction is Marcel Fridman, while the seller is the Scarpintino Family.
Players
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93