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Gibraltar Management Acquires Multifamily Property In Park Slope, Brooklyn For $5.2M

Property Image
SOLD
$5,200,000
Kobi Zamir
Moshe Goldberger

New York

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MultiFamily13,464 SF
Sold 02/17/2022
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Property Image
SOLD

Gibraltar Management Acquires Multifamily Property In Park Slope, Brooklyn For $5.2M

501 5th Avenue, Brooklyn, New York 11215, United States

See Similar Deals
MultiFamily13,464 SF
Sold 02/17/2022
Kobi Zamir
Moshe Goldberger
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$386
Total Square Footage:13,464 SF
Transaction Type:Sale

A multifamily property located at 501 5th Avenue in Park Slope, Brooklyn has been sold for a total of $5,200,000. The property spans a total of 13,464 square feet with a price per square foot of $386. It consists of 10 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Address: 501 5th Avenue, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Buyer: Gibraltar Management - Josh Grossman
  • Seller: IDS Management - Vlad Marom
  • Buyer's Representative: Kobi Zamir - GFI Realty Services
  • Seller's Representative: Moshe Goldberger - GFI Realty Services

Kobi Zamir from GFI Realty Services represented the buyer, Gibraltar Management, in the transaction. The seller, IDS Management, was represented by Moshe Goldberger, also from GFI Realty Services.

Players

Moshe Goldberger
GFI Realty Services
Moshe Goldberger
17 deals$40M volume
BROKER
Kobi Zamir
GFI Realty Services
Kobi Zamir
11 deals$77.3M volume
BROKER
GM
Gibraltar Management
BUYER

Details

SOLD
IMAGE: Kobi Zamir DATE: 02/17/2022 ADDRESS: 501 5th Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Multifamily BUYER: Gibraltar Management - Josh Grossman SELLER: IDS Management - Vlad Marom BUYER’S REP: Kobi Zamir - GFI Realty Services (@GFIRealty) SELLER’S REP: Moshe Goldberger - GFI Realty Services (@GFIRealty) SALE PRICE: $5,200,000 SF: 13,464 ~ PPSF: $386 UNITS: 10

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

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83