facebook
Traded Co logo
Submit

Rong Li Buys Multifamily Property In Crown Heights For $1.51M

Property Image
SOLD
$1,510,000

New York

See Similar Deals
MultiFamily6,612 SF
Sold 03/14/2024
the dealplayerscompscontact
Property Image
SOLD

Rong Li Buys Multifamily Property In Crown Heights For $1.51M

1 Saint Charles Place

See Similar Deals
MultiFamily6,612 SF
Sold 03/14/2024
Contact now

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.

Players

Matthew Peters
28 deals$159.6M volume(716) 604-5763
BROKER

Details

SOLD
IMAGE: Matthew Peters DATE: 03/14/2024 ADDRESS: 1 Saint Charles Place MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Rong Li SELLER: Constance Nugent Miller BROKERS: Matthew Peters (@MPeters_CRE) (@Peters_Team_RE) - Marcus & Millichap SALE PRICE: $1,510,000 UNITS: 6 ~ PPU: $251,667 SF: 6,612 ~ PPSF: $228

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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