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316 Decatur Street

Cason Grant Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $930K
SOLDMultiFamily

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

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

Lina Shi

S10 Realty Group

Broker

$19.9M

vol

9 deals

Broker

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