Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,800,000
$419/SF
MultiFamily
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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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93