Updated Dec 4, 2024
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
About this deal
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