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359 13th Street

Updated Sep 9, 2024

Aran Scott Acquires Park Slope Multifamily For $2.5M With Brokers Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - IPRG
SOLDMultiFamily

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

Aran Scott

Buyer

$6.2M

vol

3 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2.5M for 2,440 square feet (2023).

Visit Toby Waring to view all their deals.

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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

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