Updated Sep 5, 2024
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
New York 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93