Updated Aug 25, 2026
Minerva Development Acquires Multi-Family Building In Park Slope Brooklyn For $3.9M
554 2nd Street
$3,900,000
Units
2
Asset Type
MultiFamily
Closing
Aug 13, 2026
About this deal
AI
A multi-family property located at 554 2nd Street in Park Slope, Brooklyn, has been sold. The asset consists of two units, with a sale price of $3,900,000, equating to a price per unit of $1,950,000. The transaction was completed on August 13, 2026.
Summary of transation details:
- Property Type: Multi-Family
- Transaction Amount: $3,900,000
- Buyer: Minerva Development
- Units: 2
- Price Per Unit: $1,950,000
- Address: 554 2nd Street
- Market: Park Slope, Brooklyn
- Closing Date: August 13, 2026
Minerva Development acquired the property through 554 PS LLC, marking their involvement in the successful closure of this transaction.
On the Map
$3,900,000
MultiFamily
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Brooklyn 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93