Matthew Peters Of Marcus & Millichap Facilitates $2.775M Multifamily Property Sale In Crown Heights
1 Saint Francis Place
$2,775,000
$462/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Apr 16, 2024
AI
The multifamily property located at 1 Saint Francis Place in Crown Heights, Brooklyn, was sold for $2,775,000. The property consists of 6 units with a total square footage of 6,000. This results in a price per unit of $462,500 and a price per square foot of $463.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,775,000
- Units: 6
- Price per Unit: $462,500
- Square Footage: 6,000
- Price per Square Foot: $463
- Market: Crown Heights, Brooklyn
- Seller: David Amar
- Brokers: Matthew Peters (MPeters_CRE), Marcus & Millichap
The seller of the property was David Amar, with the deal being facilitated by Matthew Peters from MPeters_CRE and Marcus & Millichap. The transaction was completed on 04/16/2024.
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
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93