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
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
3.12%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93