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Kelly & David Gold Acquire Multifamily Property In Park Slope, Brooklyn For $4.995M

Property Image
SOLD
$4,995,000
Aran Scott
Ari Harkov

New York

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MultiFamily3,365 SF
Sold
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Property Image
SOLD

Kelly & David Gold Acquire Multifamily Property In Park Slope, Brooklyn For $4.995M

635 10th Street

See Similar Deals
MultiFamily3,365 SF
Sold
Aran Scott
Ari Harkov
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1484
Total Square Footage:3365 SF
Transaction Type:Sale

A multifamily property located at 635 10th Street in Park Slope, Brooklyn has been sold for a price of $4,995,000. The property consists of 2 units with a total square footage of 3,365. The price per unit is $2,497,500, and the price per square foot is $1,484.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,995,000
  • Address: 635 10th Street, Park Slope, Brooklyn
  • Units: 2
  • Price per Unit: $2,497,500
  • Total Square Footage: 3,365
  • Price per Square Foot: $1,484

The buyer of the property is Kelly & David Gold, while Tara Nathan is the seller. Ari Harkov from Brown Harris Stevens represented the buyer, and Aran Scott from Douglas Elliman represented the seller in the transaction.

Players

Ari Harkov
Brown Harris Stevens
Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER
Aran Scott
Douglas Elliman
Aran Scott
5 deals$19.8M volume
BROKER

Details

SOLD
IMAGE: Ari Harkov & Aran Scott DATE: 12/15/2023 ADDRESS: 635 10th Street MARKET: Park Slope, Brooklyn ASSET TYPE: Multifamily BUYER: Kelly & David Gold SELLER: Tara Nathan BUYER'S REP: Ari Harkov (@AriHarkov) - Brown Harris Stevens (@HarkovLewisTeam) SELLER'S REP: Aran Scott (@Aran_Scott) - Douglas Elliman (@DouglasElliman) SALE PRICE: $4,995,000 UNITS: 2 ~ PPU: $2,497,500 SF: 3,365 ~ PPSF: $1,484

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18