Conway Capital Acquires Multifamily Property In Park Slope For $3M
350 5th Street
$3,000,000
$476/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Nov 18, 2022
AI
A multifamily property located at 350 5th Street in Park Slope has been sold in a recent transaction. The property consists of eight units with a total square footage of 6,300. The sale price for the property was $3,000,000, resulting in a price per unit of $375,000 and a price per square foot of $476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 350 5th Street
- Market: Park Slope
- Buyer: Connor Domershick & Max Maleh - Conway Capital
- Brokers: Rich Velotta, Henry Grass & Danny Handweiler - Raven Property Advisors
- Units: 8
- Price per Unit: $375,000
- Square Footage: 6,300
- Price per Square Foot: $476
The buyer of the property is Connor Domershick and Max Maleh from Conway Capital. The deal was facilitated by brokers Rich Velotta, Henry Grass, and Danny Handweiler from Raven Property Advisors.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93