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270 Sterling Place, Brookly...

Daniel Brujis Acquires Multifamily Property In Prospect Heights, Brooklyn For $4.5M
SOLDMultiFamily

Daniel Brujis Acquires Multifamily Property In Prospect Heights, Brooklyn For $4.5M

270 Sterling Place, Brooklyn, New York 11238, United States

$4,553,750

$1,071/SF

Building Size

4,249 SF

Asset Type

MultiFamily

Closing

Jul 31, 2022

AI

The multifamily property located at 270 Sterling Place in Prospect Heights, Brooklyn has been sold. The transaction took place on August 1, 2022. The property is zoned as R8X and has a tax class of 1. The lot size is 1,940 square feet, with dimensions measuring 20 feet by 94.25 feet. The last recorded sale of the property was on February 9, 2012, for a price of $1,537,500. An alteration permit was issued on March 21, 2012.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,553,750
  • BSF (Building Square Footage): 11,679
  • PPBSF (Price per Building Square Footage): $389
  • SF (Lot Size): 4,249
  • PPSF (Price per Square Foot): $1,071
  • FAR (Floor Area Ratio): 2.19

The buyer of the property is Daniel Brujis, while Stuart Van Leenen is the seller. Daniel Brujis was represented by his broker in the deal. The sale price for the property was $4,553,750. The property offers a building square footage of 11,679 and a lot size of 4,249 square feet. The price per building square footage is $389, and the price per square foot is $1,071. The floor area ratio of the property is 2.19.

Players

Stuart Van Leenen

Seller

$13M

vol

3 deals

Seller

New York 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

3.48%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93