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20 Sterling Place

Updated Sep 5, 2024

Meghan McDermott Acquires Multifamily Property In Park Slope, Brooklyn For $3.995M
SOLDMultiFamily

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

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $4M for 2,460 square feet (2022).

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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

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