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

Property Image
SOLD
$4,350,000
Luke Sproviero
Adam Lobel
+ 3

New York

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MultiFamily5,600 SF
Sold 06/10/2024
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Property Image
SOLD

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

382 7th Street

See Similar Deals
MultiFamily5,600 SF
Sold 06/10/2024
Luke Sproviero
Adam Lobel
+ 3
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$776
Total Square Footage:5,600 SF
Transaction Type:Sale

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
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Samantha Katz
Investment Property Realty Group (IPRG)
17 deals$91.5M volume(718) 360-4834
BROKER

Alon Kahan
Investment Property Realty Group (IPRG)
12 deals$64.6M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Samantha Katz DATE: 06/10/2024 ADDRESS: 382 7th Street MARKET: Park Slope, Brooklyn ASSET TYPE: Multifamily BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Samantha Katz (@Skatz.NYC) & Alon Kahan - Investment Property Realty Group (IPRG)(@IPRG_NY) SALE PRICE: $4,350,000 UNITS: 4 ~ PPU: $1,087,500 SF: 5,600 ~ PPSF: $777

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63