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1287 Sterling Place

Edmund Soleymani Sells Multifamily Property At 1287 Sterling Place Brooklyn For $2.2M
SOLDMultiFamily

Edmund Soleymani Sells Multifamily Property At 1287 Sterling Place Brooklyn For $2.2M

1287 Sterling Place

$2,200,000

$428/SF

Building Size

5,135 SF

Asset Type

MultiFamily

Closing

Jan 8, 2026

AI

The property asset involved in the transaction is a multifamily building located at 1287 Sterling Place in Brooklyn. The sale price of the property was $2,200,000, and it encompasses a total square footage of 5,135 square feet, resulting in a price per square foot of $428.

Summary of transation details:

The deal was represented by brokers Matthew Cosentino, Remi Norris, and Vivek Sharma from Terra CRG, showcasing their involvement in facilitating the transaction between the seller, Edmund Soleymani, and the buyer.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Terra CRG
Terra CRGBrokerage

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93