The Mousaf Family Acquires Multifamily Portfolio In Carroll Gardens & Park Slope For $15.2M
74 1st Place, 302 5th Street, 710 Degraw Street & 228 Livingston Street
$15,200,000
$234/SF
Building Size
64,936 SF
Asset Type
MultiFamily
Closing
Dec 27, 2023
AI
Multifamily property located in Carroll Gardens & Park Slope has been sold in a closed transaction. The property consists of 16 units with a total square footage of 16,234. The sale price for the property was $15,200,000, resulting in a per unit price of $950,000. The price per square foot for the property was calculated at $936.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,200,000
- Units: 16
- Price Per Unit: $950,000
- Square Footage: 16,234
- Price Per Square Foot: $936
The Mousaf Family has acquired the property. Michael Sherman from Baseline Real Estate Advisors represented the seller, while Patrick Nollinger from Real New York represented the buyer in the transaction.
Players
Brooklyn 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93