Updated Dec 21, 2023
Corcoran Acquires Multifamily Property In Crown Heights For $1.25M
1436 Sterling Place, Brooklyn, New York 11213, United States
$1,250,000
$536/SF
Building Size
2,328 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
A two-unit multifamily property located at 1436 Sterling Place in Crown Heights has been sold for $1,250,000. The property spans 2,328 square feet, resulting in a price per square foot of $536. The transaction was facilitated by Shloma Hecht from Corcoran, representing the buyer, and Matthew Pucker from Compass, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price per Unit: $625,000
- Square Footage: 2,328
- Price per Square Foot: $536
Shloma Hecht from Corcoran and Matthew Pucker from Compass played key roles as the buyer's and seller's representatives, respectively, in the transaction.
Players
New York 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93