Updated Feb 9, 2026
James Grasso Of Cohabs Acquires Multifamily Property From Richard Thypin For $4.2M
1162 Pacific Street
$4,200,000
$575/SF
Building Size
7,296 SF
Asset Type
MultiFamily
Closing
Nov 28, 2023
About this deal
AI
A multifamily property was acquired for $4,200,000. This four-unit property spans 7,740 BSF, equating to a price per BSF of $543. The property, located at 1162 Pacific Street in the Crown Heights neighborhood of Brooklyn, has a total square footage of 7,296, resulting in a price per square foot of $576.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 1162 Pacific Street
- Market: Crown Heights, Brooklyn
- BSF: 7,740
- PPBSF: $543
- SF: 7,296
- PPSF: $576
- Buyer: James Grasso - Cohabs
- Seller: Richard Thypin
- Seller Representative: Ben Thypin
The buyer, James Grasso, represented by Cohabs, acquired the property from Richard Thypin's Pacific Street Owner, LLC. The transaction involves the entity 1162 Pacific LLC acquiring the property.
On the Map
$4,200,000
$575/SF
MultiFamily
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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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93