Brooklyn Multifamily Property Sells For $2,400,000 With Seller's Rep Brian Whelan & Team
1509 Pacific Street
$2,400,000
$352/SF
Building Size
6,800 SF
Asset Type
MultiFamily
Closing
Mar 24, 2026
AI
The property asset located at 1509 Pacific Street in Brooklyn is a multifamily unit, comprising a total square footage of 6,800. It was sold for a transaction amount of $2,400,000, which equates to a price per square foot of $352.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Sales Price per Square Foot: $352
- Square Footage: 6,800
- Address: 1509 Pacific Street
- Market: Brooklyn
- Seller's Representatives: Brian Whelan, Kevin Schmitz, Mitchel Flaherty & Stephen R. Preuss Sr. - Ripco
The representatives involved in this transaction include Brian Whelan, Kevin Schmitz, Mitchel Flaherty, and Stephen R. Preuss Sr., all of whom are associated with Ripco. Their combined expertise facilitated the closing of this deal, ensuring a successful transaction for the seller.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93