Updated Sep 9, 2024
Meridian Capital Group Brokers $8M Sale Of Multifamily Property In Park Slope
256 6th Ave, Park Slope, Brooklyn, NY, USA
$8,000,000
$545/SF
Building Size
14,663 SF
Asset Type
MultiFamily
Closing
Aug 4, 2021
About this deal
AI
Located at 256 & 258 6th Ave in Park Slope, this multifamily property was recently sold for $8,000,000. The property spans over 14,663 square feet with a price per square foot of $545. It consists of 11 units, resulting in a price per unit of $727,272. The capitalization rate for this investment is 5%.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Square Footage: 14,663
- Price per Square Foot: $545
- Units: 11
- Price per Unit: $727,272
- Capitalization Rate: 5%
The sale of this property was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group. Their expertise and guidance ensured a successful transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Edward (Eddie) Setton 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93