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116 Prospect Place

Greenbrook Partners Sells MultiFamily Property At 116 Prospect Place Brooklyn For $5,076,568
SOLDMultiFamily

Greenbrook Partners Sells MultiFamily Property At 116 Prospect Place Brooklyn For $5,076,568

116 Prospect Place

$5,076,568

$1,038/SF

Building Size

4,890 SF

Asset Type

MultiFamily

Closing

Jun 30, 2026

AI

The property asset involved in the transaction is a MultiFamily unit located at 116 Prospect Place in Brooklyn. It spans 2,835 square feet and consists of 4 units. The sale price of the property was $5,076,568, resulting in a price per unit of $1,269,142 and a price per square foot of $1,791.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,076,568
  • Address: 116 Prospect Place
  • Market: Brooklyn
  • Units: 4
  • Price Per Unit: $1,269,142
  • Square Footage: 2,835
  • Price Per Square Foot: $1,791
  • Seller: Greenbrook Partners

The seller, Greenbrook Partners, facilitated the transaction, contributing to the successful sale of the property without further details on buyer representation or additional parties involved in the deal.

Players

Greenbrook Partners
Greenbrook PartnersSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.12%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93