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.
On the Map
$930,000
$581/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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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