Updated Sep 9, 2024
Aran Scott Acquires Park Slope Multifamily For $2.5M With Brokers Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - IPRG
359 13th Street
$2,500,000
$1,024/SF
Building Size
2,440 SF
Asset Type
MultiFamily
Closing
Mar 6, 2023
About this deal
AI
The multifamily property located at 359 13th Street in Park Slope, Brooklyn, was recently sold in a closed transaction. The property spans 2,440 square feet and was sold for a total price of $2,500,000, resulting in a price per square foot of $1,025.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 359 13th Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
The buyer of the property is Aran Scott, while the seller is Michaels Family. The transaction was facilitated by the brokers Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring of Investment Property Realty Group (IPRG).
Players
Market 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93