Updated Dec 4, 2024
Robin Weiss Acquires Multifamily Property On Pacific Street In Crown Heights, Brooklyn For $1.1M
1403 Pacific Street
$1,100,000
$327/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
About this deal
AI
The multifamily property located at 1403 Pacific Street in Crown Heights, Brooklyn has been sold for a total of $1,100,000. The property spans 3,360 square feet, resulting in a price per square foot of $327.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Square Footage: 3,360
- Price per Square Foot: $327
- Address: 1403 Pacific Street, Crown Heights, Brooklyn
- Market: Crown Heights, Brooklyn
The buyer of the property is Robin Weiss, while Juan Ruiz is the seller. The deal was facilitated by brokers Gabriel Kates and Sean Mashihi from Block Real Estate Group.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93