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
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