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380 8th Street, Park Slope,...

Updated Sep 9, 2024

Daniel And Naoko Hegwood Acquire Park Slope Multifamily For $2.5M
SOLDMultiFamily

Daniel And Naoko Hegwood Acquire Park Slope Multifamily For $2.5M

380 8th Street, Park Slope, Brooklyn, NY, USA

$2,500,000

$992/SF

Building Size

2,520 SF

Asset Type

MultiFamily

Closing

Dec 19, 2018

About this deal

AI

The multifamily property located at 380 8th Street in Park Slope, Brooklyn has been sold. The sale was facilitated by Devin Someck, the buyer's agent, and Domingo Perez, the seller's agent. The transaction took place on December 20, 2018. The property spans a total of 2,520 square feet, with a price per square foot of $992.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 380 8th Street, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Seller: Domingo Perez, Jr. as Administrator of the Estate of Dolores Perez
  • Buyer: Daniel Hegwood and Naoko Hegwood
  • Brokers: Devin Someck (buyer's agent) and Domingo Perez (seller's agent)
  • Asking Price: $2,600,000

The property was sold for $2,500,000 to buyers Daniel Hegwood and Naoko Hegwood. Devin Someck acted as the buyer's agent, while Domingo Perez represented the seller. The property is located in the desirable neighborhood of Park Slope, Brooklyn.

Players

Devin Someck

Living New York

Broker

$80.5M

vol

15 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $992 per square foot on a published $2.5M for 2,520 square feet (2018).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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