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382 7th Street

Updated Dec 4, 2024

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

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:

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.

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$4,350,000

$776/SF

MultiFamily

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Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$647.1M

vol

149 deals

Broker
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $776 per square foot on a published $4.4M for 5,600 square feet (2024).

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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

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