Unicorn Properties Group Acquires Multifamily Property In Park Slope For $1.3M
61 Garfield Place, Park Slope, Brooklyn, NY, USA
$1,300,000
$677/SF
Building Size
1,920 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
AI
Unicorn Properties Group has recently acquired a multifamily property located at 61 Garfield Place in the Park Slope market of Brooklyn. The transaction took place on November 29, 2021, with a sale price of $1,300,000. The property consists of two units, providing a price per unit of $650,000. With a total area of 1,920 square feet, the price per square foot amounts to $677.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 61 Garfield Place, Park Slope, Brooklyn
- Units: 2
- Price per Unit: $650,000
- Total Square Footage: 1,920
- Price per Square Foot: $677
The buyer, Unicorn Properties Group, was represented by Enrico Ferri & Eric Carino. On the other hand, Joyce Clark acted as the seller in this transaction. Unicorn Properties Group, as active buyers, has a specific interest in 1-5 unit properties in Brooklyn, Queens, and Manhattan. They specifically prefer single, multi-unit, and mixed-use properties that require rehabilitation or have the potential for a condo conversion. For further information, Enrico Ferri, the Senior Director of Real Estate Acquisitions at Unicorn Properties Group, can be contacted via email at [email protected] or by phone at 718-725-1500 Ext 205 or 917-905-8940. The office of Unicorn Properties Group is located at 426 Lafayette Ave., Brooklyn, NY 11238.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93