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

Property Image
SOLD
$3,000,000
Adam J Hess
Samuel Silverman
+ 1

New York

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MultiFamily3,600 SF
Sold 08/24/2023
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Property Image
SOLD

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

397 9th St Brooklyn, NY 11215, USA

See Similar Deals
MultiFamily3,600 SF
Sold 08/24/2023
Adam J Hess
Samuel Silverman
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$833
Total Square Footage:3,600 SF
Transaction Type:Sale

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 (Eddie) Setton
55 deals$251.4M volume
BROKER

Adam J Hess
Sterling Property Group NY
57 deals$251.4M volume
BROKER

Samuel Silverman
5 deals$11.6M volume
BUYER

Details

SOLD
IMAGE: Adam J Hess, Samuel Silverman & Edward Setton DATE: 08/24/2023 ADDRESS: 397 9th Street MARKET: Park Slope, Brooklyn ASSET TYPE: Multifamily BUYER: Keter Holdings (@KeterHoldings)- Michael Silverman & Samuel Silverman (@Samsil) BROKERS: Adam J Hess (@TeamHessbk) & Edward Setton - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $3,000,000 SF: 3,600 ~ PPSF: $833 NOTE FROM BROKER: Silver Line Realty Group NY (@silverlinerealtygroup) assisted in the transaction. SLR is a commercial real estate brokerage and advisory firm, specializing in investment sales, retail, and residential leasing across NYC

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
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