Yerachamel Jacobson Acquires Multifamily Property On Rutland Rd, Prospect Lefferts Garden For $1.23M
354 Rutland Road, Little Caribbean, Brooklyn, NY, USA
$1,230,000
$384/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
May 8, 2019
AI
The multifamily property located at 354 Rutland Rd in Prospect Lefferts Garden was sold in a recent transaction. The property spans 3,200 square feet and was sold for a price of $1,230,000, resulting in a price per square foot of $384.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Square Footage: 3,200
- Address: 354 Rutland Rd
- Market: Prospect Lefferts Garden
The seller of the property was Christopher Steele, while the buyer was Yerachamel Jacobson. Representing the deal was broker Mina Pecorella.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93