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61 Garfield Place, Park Slo...

Unicorn Properties Group Acquires Multifamily Property In Park Slope For $1.3M
SOLDMultiFamily

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

Eric Carino

Unicorn Properties Group

Buyer

$12.2M

vol

10 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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