Gibraltar Management Acquires Multifamily Property In Park Slope, Brooklyn For $5.2M
501 5th Avenue, Brooklyn, New York 11215, United States
$5,200,000
$386/SF
Building Size
13,464 SF
Asset Type
MultiFamily
Closing
Feb 16, 2022
AI
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
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93