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Casper Mattress Acquires Multifamily Property In Park Slope For $5.0M

Property Image
SOLD
$5,025,000
Jed Garfield
Ravi Kantha
Matthew "Matt" Lesser

New York

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Single Family Residence4,009 SF
Sold 06/30/2021
the dealplayerscompscontact
Property Image
SOLD

Casper Mattress Acquires Multifamily Property In Park Slope For $5.0M

605 3rd Street, Park Slope, Brooklyn, NY, USA

See Similar Deals
Single Family Residence4,009 SF
Sold 06/30/2021
Jed Garfield
Ravi Kantha
Matthew "Matt" Lesser
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,253
Total Square Footage:4,009 SF
Transaction Type:Sale

A multifamily property located at 605 3 Street in Park Slope, Brooklyn has been sold. The property is zoned as R7B and spans a total of 4,009 square feet. The sale price for this transaction was $5,025,000, resulting in a price per square foot of $1,253.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,025,000
  • Address: 605 3 Street
  • Market: Park Slope, Brooklyn
  • Zoning: R7B
  • Square Footage: 4,009
  • Price per Square Foot: $1,253

The buyer of this property is Casper Mattress, represented by Luke Sherwin and Clare De Boer. The seller in this transaction is Derek Wolman.

Players

Matthew "Matt" Lesser
Leslie Garfield
Matthew Lesser
40 deals$579.5M volume
BROKER
Ravi Kantha
Serhant
Ravi Kantha
31 deals$409M volume(914) 224-2191
BROKER
Jed Garfield
Jed Garfield
9 deals$111.2M volume
BROKER

Details

SOLD
IMAGE: Luke Sherwin DATE: 06/30/2021 ADDRESS: 605 3 Street MARKET: Park Slope,Brooklyn ASSET TYPE: Multifamily ~ ZONING: R7B BUYER: Casper Mattress - Luke Sherwin and Clare De Boer SELLER: Derek Wolman PRICE: $5,025,000 SF: 4,009 ~ PPSF: $1,253

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$268,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,852.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,821.06
Annual Debt Service$285,852.76