Mendel Jacobson Facilitates $1.8M Multifamily Sale In Crown Heights
1154 Sterling Place, Brooklyn, New York 11213, United States
$1,800,000
$419/SF
Building Size
4,296 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
Located in Crown Heights, the multifamily property at 1154 Sterling Pl. has recently been sold for a sale price of $1,800,000. The property consists of 2 units, with a price per unit of $900,000. The total square footage of the property is 4,296, resulting in a price per square foot of $418.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 2
- Price per Unit: $900,000
- Square Footage: 4,296
- Price per Square Foot: $418
Mendel Jacobson of REAL New York represented the buyer in this transaction, while Douglas Elliman acted as the seller's representative.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93