Updated Oct 29, 2024
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
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93