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433 2nd Street, Brooklyn, N...

Updated Dec 19, 2023

Vincent Perna Sells Multifamily Property At 433 2nd St. In Park Slope For $3.125M
SOLDMultiFamily

Vincent Perna Sells Multifamily Property At 433 2nd St. In Park Slope For $3.125M

433 2nd Street, Brooklyn, New York 11215, United States

$3,125,000

$600/SF

Building Size

5,208 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

About this deal

AI

Located in Park Slope, this multifamily property at 433 2nd St. has just been sold in a closed transaction. The sale was facilitated by Cloud Property Group, a reputable real estate agency. The transaction took place on 06/28/2022, with Bijan Djafari and Daniel Weichselbaum representing the buyer and seller, respectively.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,125,000
  • Address: 433 2nd St.
  • Market: Park Slope

The property consists of 4 units, offering a price per unit (PPU) of $781,250. Spanning across 5,208 square feet, the property yields a price per square foot (PPSF) of $600.

Cloud Property Group played a significant role in this transaction, representing both the buyer and the seller. Bijan Djafari, from Cloud Property Group, served as the buyer's representative, while Daniel Weichselbaum, also from Cloud Property Group, acted as the seller's representative.

For more information about Cloud Property Group, visit their website at www.cloudpgny.com. You can reach Bijan Djafari at [email protected] or by calling 646-603-0800. To contact Daniel Weichselbaum, send an email to [email protected] or call 646-276-3596.

Players

Bijan Djafari

Cloud Property Group

Broker

$3.1M

vol

1 deal

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $600 per square foot on a published $3.1M for 5,208 square feet (2022).

Visit Cloud Property Group to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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