Updated Dec 21, 2023
Samuel Palace Acquires Multifamily Property In Crown Heights, Brooklyn For $1.02M
1384 Sterling Place, Brooklyn, NY 11213
$1,020,000
$291/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
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.
On the Map
$1,020,000
$291/SF
MultiFamily
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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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93