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382 7th Street

Investment Property Realty Group Brokers Sell Park Slope Multifamily For $4.35M
SOLDMultiFamily

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:

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

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