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:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 1287 Sterling Place
- Market: Brooklyn
- Square Footage: 5,135
- Price Per Square Foot: $428
- Seller: Edmund Soleymani
- Brokers: Matthew Cosentino, Remi Norris & Vivek Sharma - Terra CRG
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
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