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1390 Eastern Parkway

Anikeedu Prasad Acquires Multifamily In Crown Heights, Brooklyn For $2M
SOLDMultiFamily

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

Sully Klein

Broker

$28.7M

vol

14 deals

Broker

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