Samuel Palace Acquires Multifamily Property In Crown Heights, Brooklyn For $1.02M
SOLD
$1,020,000
New York
See Similar DealsMultiFamily3,500 SF
Sold 12/16/2021
SOLD
Samuel Palace Acquires Multifamily Property In Crown Heights, Brooklyn For $1.02M
1384 Sterling Place, Brooklyn, NY 11213
See Similar DealsMultiFamily3,500 SF
Sold 12/16/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:3,500 SF
Transaction Type:Sale
A multifamily property located at 1384 Sterling Place in Crown Heights, Brooklyn has been sold for a price of $1,020,000. The property consists of three units with a total square footage of 3,500. The sale price per unit is $340,000, and the price per square foot is $291.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 1384 Sterling Place, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
- Buyer: Samuel Palace
- Seller: Josh Blackman
- Broker: Ty Gallishaw - Highcap Group
The buyer of the property is Samuel Palace, and the seller is Josh Blackman. The deal was facilitated by Ty Gallishaw of Highcap Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84
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