Merrideth Hackett And Five Others Acquire Prospect Heights Multifamily For $5.8M
SOLD
$5,763,123
New York
See Similar DealsMultiFamily6,097 SF
Sold 04/14/2020
SOLD
Merrideth Hackett And Five Others Acquire Prospect Heights Multifamily For $5.8M
351 Prospect Pl, Brooklyn, NY 11238, USA
See Similar DealsMultiFamily6,097 SF
Sold 04/14/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$945
Total Square Footage:6,097 SF
Transaction Type:Sale
A multifamily property located at 351 Prospect Pl in Prospect Heights, Brooklyn has been sold in a closed transaction. The property consists of 6,097 square feet and includes 6 units. The asking price for the property was $5,995,000, and it was sold for $5,763,123. The price per square foot was $945, and the price per unit was $960,520. The seller of the property was BHRE & @MDevelopmentNYC – Raffi Manor, and the buyer was Merrideth Hackett, Barri Shorey, Nicole Bugs, Yen Chou, Karen Nuessink, and Joongkoum Kim.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,763,123
- Address: 351 Prospect Pl
- Market: Prospect Heights, Brooklyn
- Square Footage: 6,097
- Units: 6
The deal was facilitated by David Avgi from David Avgi - AGENCY representing the buyer. There is no additional information available at this time.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$307,366.56
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,475.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,320.14
Annual Debt Service$327,841.72
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