Matthew Peters Of Marcus & Millichap Facilitates $2.775M Multifamily Property Sale In Crown Heights
SOLD
$2,775,000
New York
See Similar DealsMultiFamily6,000 SF
Sold 04/16/2024
SOLD
Matthew Peters Of Marcus & Millichap Facilitates $2.775M Multifamily Property Sale In Crown Heights
1 Saint Francis Place
See Similar DealsMultiFamily6,000 SF
Sold 04/16/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$462
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99
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