Alchemy Ventures Acquires Multifamily Asset In Park Slope, Brooklyn For $3.9M
SOLD
$3,925,000
New York
See Similar DealsMultiFamily4,449 SF
Sold 08/11/2022
SOLD
Alchemy Ventures Acquires Multifamily Asset In Park Slope, Brooklyn For $3.9M
913 Union Street, Brooklyn, New York 11217, United States
See Similar DealsMultiFamily4,449 SF
Sold 08/11/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$882
Total Square Footage:4,449 SF
Transaction Type:Sale
A multifamily property located at 913 Union Street in Park Slope, Brooklyn has been sold for a total of $3,925,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $785,000. The total square footage of the property is 4,449, resulting in a price per square foot (PPSF) of $882. The sale was completed on 08/11/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,925,000
- Address: 913 Union Street
- Market: Park Slope, Brooklyn
The buyer of the property is Alchemy Ventures, represented by Samuel Kooris. The seller of the property is Stephen Schipani and Brett Marvin.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$209,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03
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