Investment Property Realty Group Brokers Sell Park Slope Multifamily For $4.35M
382 7th Street
$4,350,000
$776/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
AI
The multifamily property located at 382 7th Street in Park Slope, Brooklyn, was recently transacted for a total sale price of $4,350,000. This property consists of 4 units spread across 5,600 square feet, resulting in a price per unit of $1,087,500 and a price per square foot of $777.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Units: 4
- Square Footage: 5,600
- Price Per Unit: $1,087,500
- Price Per Square Foot: $777
- Address: 382 7th Street
- Market: Park Slope, Brooklyn
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz & Alon Kahan - Investment Property Realty Group (IPRG)
The deal was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, and Alon Kahan. These professionals played a crucial role in representing the parties involved in this significant transaction, showcasing their expertise in the real estate market.
Players
Brooklyn 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93