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1 Saint Charles Place

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

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

1 Saint Charles Place

$1,510,000

$228/SF

Building Size

6,612 SF

Asset Type

MultiFamily

Closing

Mar 14, 2024

AI

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

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

Brooklyn 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

10.51%

Cash-on-Cash

-3.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93