facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1287 Sterling Place

Updated Jan 27, 2026

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

About this deal

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.

On the Map

Open live map

$2,200,000

$428/SF

MultiFamily

View full map

Players

Matthew Cosentino

Terra CRG

Broker

$328.9M

vol

85 deals

Broker
Terra CRG
Terra CRGBrokerage
Bilt advertisement

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $428 per square foot on a published $2.2M for 5,135 square feet (2026).

Visit Remi Norris to view all their deals.

Browse Brooklyn multifamily sales on Traded.

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

More Deals

Nearby Markets