Updated Dec 21, 2023
Dougles Miller Sells Multifamily Property In Crown Heights, Brooklyn For $960K With Broker Sadya Liberow - Asset CRG Advisors
1661 Sterling Place, Brooklyn, New York 11233, United States
$960,000
$292/SF
Building Size
3,280 SF
Asset Type
MultiFamily
Closing
May 3, 2022
About this deal
AI
A multifamily property located at 1661 Sterling Pl. in Crown Heights, Brooklyn was recently sold for a total price of $960,000. This property consists of 4 units, with a price per unit of $240,000. The total square footage of the property is 3,280, resulting in a price per square foot of $292.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $960,000
- Address: 1661 Sterling Pl.
- Market: Crown Heights, Brooklyn
- Units: 4
- Price Per Unit: $240,000
- Square Footage: 3,280
- Price Per Square Foot: $292
Dougles Miller was the seller of the property, and the transaction was facilitated by broker Sadya Liberow from Asset CRG Advisors.
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
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93