Updated Oct 29, 2024
Merrideth Hackett And Five Others Acquire Prospect Heights Multifamily For $5.8M
351 Prospect Pl, Brooklyn, NY 11238, USA
$5,763,123
$945/SF
Building Size
6,097 SF
Asset Type
MultiFamily
Closing
Apr 13, 2020
About this deal
AI
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
New York 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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93