Alchemy Ventures Acquires Multifamily Asset In Park Slope, Brooklyn For $3.9M
913 Union Street, Brooklyn, New York 11217, United States
$3,925,000
$882/SF
Building Size
4,449 SF
Asset Type
MultiFamily
Closing
Aug 10, 2022
AI
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.
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93