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371 Douglass Street, Brookl...

Updated Sep 9, 2024

Bestreich Realty Group Represents The Cox Family In $2.26M Multifamily Sale On Douglass St
SOLDMultiFamily

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

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$163M

vol

62 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $837 per square foot on a published $2.3M for 2,700 square feet (2021).

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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

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