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577 10th Street

Updated Sep 5, 2024

Scott Family Acquires Multifamily Property In Park Slope, Brooklyn For $3.3M
SOLDMultiFamily

Scott Family Acquires Multifamily Property In Park Slope, Brooklyn For $3.3M

577 10th Street

$3,300,000

$890/SF

Building Size

3,705 SF

Asset Type

MultiFamily

Closing

Oct 4, 2022

About this deal

AI

The multifamily property located at 577 10th Street in Park Slope, Brooklyn has been sold in a recent transaction. The property consists of three units, with a total square footage of 3,705. The sale price for the property was $3,300,000, resulting in a price per unit of $1,100,000 and a price per square foot of $891.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Units: 3
  • Price per Unit: $1,100,000
  • Square Footage: 3,705
  • Price per Square Foot: $891
  • Address: 577 10th Street, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn

In this transaction, the buyer was the Scott Family and the seller was the Veneziano Family. The deal was facilitated by broker Joe Gilani from LG Fairmont.

Players

Joe Gilani

Compass

Broker

$3.3M

vol

1 deal

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $890 per square foot on a published $3.3M for 3,705 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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