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397 9th St Brooklyn, NY 112...

Updated Oct 29, 2024

Keter Holdings Acquires Multifamily Property On 9th Street In Park Slope, Brooklyn
SOLDMultiFamily

Keter Holdings Acquires Multifamily Property On 9th Street In Park Slope, Brooklyn

397 9th St Brooklyn, NY 11215, USA

$3,000,000

$833/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Aug 24, 2023

About this deal

AI

A multifamily property located at 397 9th Street in Park Slope, Brooklyn has been sold in a recent transaction. The property spans 3,600 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $833.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 397 9th Street, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Buyer: Keter Holdings - Michael Silverman & Samuel Silverman
  • Brokers: Adam J Hess & Edward Setton - Meridian Capital Group

In this deal, Keter Holdings, represented by Michael Silverman and Samuel Silverman, acted as the buyer. The transaction was facilitated by the brokers Adam J Hess and Edward Setton from Meridian Capital Group. The sale of this multifamily property was successful, with a price per square foot of $833. It is worth mentioning that Silver Line Realty Group NY provided assistance in the transaction. Silver Line Realty Group NY is a commercial real estate brokerage and advisory firm specializing in investment sales, retail, and residential leasing across NYC.

Players

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker
Samuel Silverman

Samuel Silverman

Keter Holdings

Buyer

$11.6M

vol

5 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $833 per square foot on a published $3M for 3,600 square feet (2023).

Visit Edward (Eddie) Setton to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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