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16 Douglas B LLC Acquires Multi-Family Property From Susan Heller In Cobble Hill For $4.1M
SOLD
$4,100,000
New York
See Similar DealsMultiFamily3,960 SF
Sold
SOLD
16 Douglas B LLC Acquires Multi-Family Property From Susan Heller In Cobble Hill For $4.1M
16 Douglass Street
See Similar DealsMultiFamily3,960 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1035
Total Square Footage:3960 SF
Transaction Type:Sale
The multi-family property located at 16 Douglass Street in Cobble Hill, Brooklyn was sold for $4.1 million. This building encompasses a total area of 3,960 square feet, translating to a price per square foot of approximately $1,035.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,100,000
- Address: 16 Douglass Street
- Market: Cobble Hill, Brooklyn
- Square Footage: 3,960
- Price per Square Foot: $1,035
- Buyer: 16 Douglas B LLC
- Seller: Susan Heller
16 Douglas B LLC was the buyer in this transaction, purchasing the property from Susan Heller, the seller. The transaction took place on March 5, 2026, highlighting the participants involved in this property deal.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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