Updated Dec 21, 2023
Meridian Capital Group Brokers $3.4M Multifamily Sale In Park Slope
825 Carroll Street, Park Slope, Brooklyn, NY, USA
$5,100,000
$998/SF
Building Size
5,110 SF
Asset Type
MultiFamily
Closing
Jun 30, 2021
About this deal
AI
A multifamily property located at 904 President Street in Park Slope has been sold for $3,375,000. The property spans 5,122 square feet and has a price per square foot of $660. The transaction took place on September 27, 2021. The property is zoned as R7B and falls under the multifamily asset type category. The sale was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group, who acted as the brokers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,375,000
- Address: 904 President Street
- Market: Park Slope
- Zoning: R7B
Adam J. Hess and Edward Setton from Meridian Capital Group represented the parties involved in the transaction. The property was sold with a 5.25% cap rate.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Compass 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93