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11 Park Place

Albert Camocho Purchases Multifamily Asset At 11 Park Place Brooklyn For $4,450,000 With David Chang As Buyer's Rep
SOLDMultiFamily

Albert Camocho Purchases Multifamily Asset At 11 Park Place Brooklyn For $4,450,000 With David Chang As Buyer's Rep

11 Park Place

$4,450,000

$1,271/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

Mar 19, 2026

AI

The property at 11 Park Place, located in Brooklyn, is classified as a multifamily asset. The sale price of the property was $4,450,000, encompassing a total square footage of 3,500. The price per square foot for this transaction was calculated at $1,271.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,450,000
  • Address: 11 Park Place
  • Market: Brooklyn
  • Square Footage: 3,500
  • Price Per Square Foot: $1,271
  • Buyer: Albert Camocho
  • Seller: David Yao
  • Buyer's Representative: David Chang - Compass

This transaction involved key individuals, with Albert Camocho acting as the buyer and David Yao as the seller. David Chang represented the buyer in this deal under the agency Compass, facilitating the transaction between the parties involved.

Players

David Chang

Compass

Broker

$211.7M

vol

46 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93