facebook
Traded Co logo
Submit

The Striano Estate Sells Multifamily Property In Park Slope For $1.1M With Cushman & Wakefield Representation

Property Image
SOLD
$1,100,000
Casey Begoon
Daniel (Dan) O'Brien
Caroline Hodes
+ 1

New York

See Similar Deals
MultiFamily4,456 SF
Sold 06/25/2020
the dealplayerscompscontact
Property Image
SOLD

The Striano Estate Sells Multifamily Property In Park Slope For $1.1M With Cushman & Wakefield Representation

397 4th Avenue, Park Slope, Brooklyn, NY, USA

See Similar Deals
MultiFamily4,456 SF
Sold 06/25/2020
Casey Begoon
Daniel (Dan) O'Brien
Caroline Hodes
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$246
Total Square Footage:4,456 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 397 4th Avenue in the Park Slope market. It features a total square footage of 4,456 and includes 6 units, with 66% of them stabilized. The sale price for the property was $1,100,000, resulting in a price per square foot of $246 and a price per unit of $183,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 397 4th Avenue
  • Market: Park Slope
  • Tax Class: 2A
  • Square Footage: 4,456
  • Price per Square Foot: $246
  • Units: 6
  • Percentage of Stabilized Units: 66%
  • Price per Unit: $183,333
  • Seller: The Striano Estate
  • Seller’s Representative: Dan O’Brien, Caroline Hodes, Casey Begoon - Cushman & Wakefield

The deal was coordinated by the representatives from Cushman & Wakefield, specifically Dan O’Brien, Caroline Hodes, and Casey Begoon, who acted on behalf of the seller, Jerry Striano from The Striano Estate. This transaction highlights the involvement of experienced brokers in navigating the multifamily property market in Park Slope.

Players

Caroline Hodes
Newmark
Caroline Hodes
93 deals$1.8B volume(516) 263-9404
BROKER
Casey Begoon
Cushman & Wakefield
Casey Begoon
8 deals$52.4M volume
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
145 deals$4.6B volume(212) 698-5584
BROKER
JS
Jerry Striano
2 deals$3.1M volume
SELLER
JS
Jerry Striano
2 deals$3.1M volume
SELLER

Details

SOLD
IMAGE: Caroline Hodes, Dan O'Brien & Casey Begoon DATE: 06/25/2021 ADDRESS: 397 4th Avenue MARKET: Park Slope ASSET TYPE: Multifamily ~ TAX CLASS: 2A SELLER: The Striano Estate - Jerry Striano SELLER’S REP: Dan O’Brien, Caroline Hodes, Casey Begoon - Cushman & Wakefield SALE PRICE: $1,100,000 SF: 4,456 ~ PPSF: $246 UNITS: 6 (66% stabilized) ~ PPU: $183,333

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73