Rong Li Buys Multifamily Property In Crown Heights For $1.51M
SOLD
$1,510,000
New York
See Similar DealsMultiFamily6,612 SF
Sold 03/14/2024
SOLD
Rong Li Buys Multifamily Property In Crown Heights For $1.51M
1 Saint Charles Place
See Similar DealsMultiFamily6,612 SF
Sold 03/14/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:6,612 SF
Transaction Type:Sale
The multifamily property located at 1 Saint Charles Place in Crown Heights, Brooklyn, was successfully sold for $1,510,000. The property comprises 6 units spanning 6,612 square feet, resulting in a price per unit of $251,667 and a price per square foot of $228.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,510,000
- Units: 6
- Price per Unit: $251,667
- Square Footage: 6,612
- Price per Square Foot: $228
- Address: 1 Saint Charles Place
- Market: Crown Heights, Brooklyn
- Buyer: Rong Li
- Seller: Constance Nugent Miller
- Broker: Matthew Peters - Marcus & Millichap
Matthew Peters of Marcus & Millichap represented the transaction as the broker. Rong Li acquired the property from Constance Nugent Miller, completing the sale of this multifamily asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$80,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,364.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,158.17
Annual Debt Service$85,898.04
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