Updated Dec 21, 2023
Brown Harris Stevens Acquires Multifamily Property In Crown Heights, Brooklyn For $1.6M
1581 Pacific Street, Crown Heights, Brooklyn, NY, USA
$1,600,000
$463/SF
Building Size
3,456 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
A multifamily property located at 1581 Pacific Street in Crown Heights, Brooklyn was recently sold. The sale took place on 11/12/2021, with a sale price of $1,600,000. The property consists of 4 units, with an average price per unit (PPU) of $400,000. The total square footage of the property is 3,456, resulting in a price per square foot (PPSF) of $462.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 1581 Pacific Street
- Market: Crown Heights, Brooklyn
The seller of the property was Benjamin Mor. Representing the buyer was Ari Harkov from Brown Harris Stevens, and representing the seller was John Brennan from Marcus & Millichap.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit John Brennan to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93