Updated Dec 20, 2023
Isaac Capital & Leviathan Leasing Acquire Multifamily Property In Brooklyn For $1.1M
144 Sterling St, Brooklyn, NY 11225, USA
$1,100,000
$46/SF
Building Size
23,600 SF
Asset Type
MultiFamily
Closing
Aug 27, 2020
About this deal
AI
The multifamily property located at 144 Sterling Street in Brooklyn has been sold. The property spans a total of 2,360 square feet and was sold for a price of $1,100,000, resulting in a price per square foot of $466. The sale took place on August 28, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 144 Sterling Street, Brooklyn
- Market: Brooklyn
- Asset Type: Multifamily
The buyer of the property is Isaac Capital & Leviathan Leasing, while the seller is Celine Gabriel. The property is zoned as R5, and the tax class is 1. The lot size is 20 ft x 100 ft. The previous sale of the property occurred in August 2019, with a sale price of $1,115,000.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93