Updated Oct 28, 2024
Casper Mattress Acquires Multifamily Property In Park Slope For $5.0M
605 3rd Street, Park Slope, Brooklyn, NY, USA
$5,025,000
$1,253/SF
Building Size
4,009 SF
Asset Type
Single Family Residence
Closing
Jun 29, 2021
About this deal
AI
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
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $5M for 4,009 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93