Edmund Soleymani Sells Multifamily Property At 1287 Sterling Place Brooklyn For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMultiFamily5,135 SF
Sold 01/09/2026
SOLD
Edmund Soleymani Sells Multifamily Property At 1287 Sterling Place Brooklyn For $2.2M
1287 Sterling Place
See Similar DealsMultiFamily5,135 SF
Sold 01/09/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$428
Total Square Footage:5,135 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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