Updated Oct 28, 2024
Legacy Equities Sells 6-Unit Multifamily In Crown Heights, Brooklyn For $2.375M
1 Saint Francis Place, Brooklyn, New York 11216, United States
$2,375,000
$399/SF
Building Size
5,953 SF
Asset Type
MultiFamily
Closing
Oct 27, 2022
About this deal
AI
An multifamily property located at 1 St Francis Place in Crown Heights, Brooklyn has been sold for a price of $2,375,000. The property consists of 6 units with a price per unit of $395,833. It spans a total area of 5,953 square feet, resulting in a price per square foot of $399.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,375,000
- Address: 1 St Francis Place
- Market: Crown Heights, Brooklyn
The sale was facilitated by the brokerage firm Marcus & Millichap, with Shaun Riney, Daniel Greenblatt, and Andrew Bronsteen representing both the buyer and the seller. Legacy Equities acted as the seller in this transaction.
Players
New York 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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93