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459 9th Street

Updated Oct 29, 2024

Keter Holdings Acquires 4-Unit Multifamily Property In Park Slope, Brooklyn For $2.65M
SOLDMultiFamily

Keter Holdings Acquires 4-Unit Multifamily Property In Park Slope, Brooklyn For $2.65M

459 9th Street

$2,650,000

$736/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Dec 2, 2022

About this deal

AI

A multifamily property located at 459 9th Street in Park Slope, Brooklyn has recently been sold. The property consists of 4 units, with a total square footage of 3,600. The sale price for this transaction was $2,650,000, resulting in a price per unit of $662,500 and a price per square foot of $736. The transaction took place on 12/02/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Units: 4
  • Price per Unit: $662,500
  • Square Footage: 3,600
  • Price per Square Foot: $736

The buyer of the property is Keter Holdings, with Samuel Silverman and Michael Silverman representing the company in the deal. The seller is Justin Graham. Brown Harris Stevens acted as the broker in this transaction, with Karen Wolfe and Steven Segretta representing the firm.

On the Map

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$2,650,000

$736/SF

MultiFamily

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Players

Karen Wolfe

Brown Harris Stevens

Broker

$2.7M

vol

1 deal

Broker
Samuel Silverman

Samuel Silverman

Keter Holdings

Buyer

$11.6M

vol

5 deals

Buyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $736 per square foot on a published $2.7M for 3,600 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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