Updated Sep 9, 2024
Bestreich Realty Group Represents The Cox Family In $2.26M Multifamily Sale On Douglass St
371 Douglass Street, Brooklyn, NY 11217, USA
$2,260,000
$837/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
The multifamily property located at 371 Douglass Street in Park Slope, Brooklyn has been sold for $2,260,000. The property consists of three units with a total square footage of 2,700. Each unit had a price per unit of $753,333, and the price per square foot was $837.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,260,000
- Address: 371 Douglass Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Seller: The Cox Family
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates - Bestreich Realty Group (BRG)
- Units: 3
- Price per Unit: $753,333
- Total Square Footage: 2,700
- Price per Square Foot: $837
The deal was facilitated by the brokers from Bestreich Realty Group (BRG), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates. They represented both the seller, The Cox Family, and the buyer in the transaction.
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
7.02%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93