Updated Sep 5, 2024
Meghan McDermott Acquires Multifamily Property In Park Slope, Brooklyn For $3.995M
20 Sterling Place
$3,995,000
$1,624/SF
Building Size
2,460 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
The multifamily property located at 20 Sterling Pl. in Park Slope, Brooklyn has been sold at a price of $3,995,000. The property consists of 2 units, with an average price per unit of $1,997,500. The total square footage of the property is 2,460, with a price per square foot of $1,623.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,995,000
- Address: 20 Sterling Pl., Park Slope, Brooklyn
- Units: 2
- Price per Unit: $1,997,500
- Square Footage: 2,460
- Price per Square Foot: $1,623
Meghan McDermott has purchased the property, with Catherine Witherwax of Brown Harris Stevens representing the buyer. Ari Harkov, from The Harkov Lewis Team at Brown Harris Stevens, represented the seller in the transaction.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93