Anikeedu Prasad Acquires Multifamily In Crown Heights, Brooklyn For $2M
1390 Eastern Parkway
$2,000,000
$559/SF
Building Size
3,576 SF
Asset Type
MultiFamily
Closing
May 2, 2024
AI
The multifamily property located at 1390 Eastern Parkway in Crown Heights, Brooklyn was sold for $2,000,000. The property comprises 3 units with a total area of 3,576 square feet, resulting in a price per unit of $666,667 and a price per square foot of $559.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 3
- Square Footage: 3,576
- Price per Unit: $666,667
- Price per Square Foot: $559
- Address: 1390 Eastern Parkway
- Market: Crown Heights, Brooklyn
Anikeedu Prasad acquired the property from Joseph Aghelian. Representing the seller was Sully Klein from Real Street.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93