Updated Dec 4, 2024
Cason Grant Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $930K
316 Decatur Street
$930,000
$581/SF
Building Size
1,600 SF
Asset Type
MultiFamily
Closing
Feb 7, 2024
About this deal
AI
A multifamily property located at 316 Decatur Street in Stuyvesant Heights, Brooklyn has been sold for a price of $930,000. The property consists of 2 units with an average price per unit of $465,000. The total square footage of the property is 1,600, resulting in a price per square foot of $581.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $930,000
- Units: 2
- Price per Unit: $465,000
- Square Footage: 1,600
- Price per Square Foot: $581
- Address: 316 Decatur Street, Stuyvesant Heights, Brooklyn
The seller of the property is Cason Grant. The transaction was facilitated by Lina Shi from S10 Realty Group.
Players
Brooklyn 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
17.06%
Cash-on-Cash
-4.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93