Updated Nov 15, 2023
Real Estate Investor Eli Gottesdiener Acquires Four-Family Property In Park Slope For $3.9M
40 Berkeley Place Brooklyn, New York 11217, USA
$3,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 20, 2023
About this deal
AI
A four-family property in Park Slope has been purchased by real estate investor Eli Gottesdiener for $3.9 million. The 4,900 square foot building is located on 9th Street between 5th and 6th Avenues. It consists of four two-bedroom apartments, making it an attractive investment opportunity in the popular neighborhood of Park Slope, Brooklyn. The previous owner, a Brooklyn-based real estate investor, had bought the property in 2017 for $3.25 million. Park Slope's desirable location and easy access to transportation options continue to make it a sought-after destination for real estate investors.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,900,000
- Address: 40 Berkeley Place
- Market: Park Slope & Brooklyn
Eli Gottesdiener, a real estate investor, represented himself in the deal to purchase the four-family property. The transaction highlights the continuing interest in Park Slope as an attractive investment opportunity for both local and out-of-town investors.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93