Updated Oct 28, 2024
Perez-Meyer Family Acquires Multifamily Property In Park Slope, Brooklyn For $3.1M
555 9th Street
$3,100,000
$976/SF
Building Size
3,176 SF
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 555 9th St. in Park Slope, Brooklyn has been sold for $3,100,000. The property spans across 3,176 square feet, resulting in a price per square foot of $976.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Square Footage: 3,176
- Price per Square Foot: $976
- Buyer: Perez-Meyer Family
- Seller: Estate of Giuseppa Gioino
- Brokers: Mark Zarrella & Shaun Riney - Marcus & Millichap
In this transaction, the buyer was the Perez-Meyer Family, while the seller was the Estate of Giuseppa Gioino. Representing both parties in the deal were Mark Zarrella and Shaun Riney from Marcus & Millichap. They successfully facilitated the sale of the property.
It is worth noting that the listing brokers, Mark Zarrella and Shaun Riney, have a portfolio of free-market apartments within 2 blocks of Prospect Park on the private market. For more information, interested parties can contact Shaun at 718-475-4369 or Mark at 718-475-4376.
Additional details about the property include its proximity to Prospect Park and the potential for renovation at an assumed cost of $225 per square foot, which would amount to approximately $1,201 in additional expenses.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Mark Zarrella to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93