Updated Sep 9, 2024
Bestreich Realty Group Acquires Multifamily Property In Park Slope, Brooklyn
710 Degraw St, Brooklyn, NY 11217, USA
$2,700,000
$685/SF
Building Size
3,938 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
A multifamily property located at 710 DeGraw Street in Park Slope, Brooklyn has been sold for $2,700,000. The property consists of four apartments and has a total square footage of 3,938. The price per square foot for this transaction was $685.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 710 DeGraw Street
- Market: Park Slope, Brooklyn
- Units: 4 Apartments
- Square Footage: 3,938
- Price per Square Foot: $685
The seller of the property was Luis Rios. The deal was facilitated by brokers Derek Bestreich, Adam Lobel, and Toby Waring from Bestreich Realty Group.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93