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354 Rutland Road, Little Ca...

Yerachamel Jacobson Acquires Multifamily Property On Rutland Rd, Prospect Lefferts Garden For $1.23M
SOLDMultiFamily

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

Mina Pecorella

Broker

$5.5M

vol

3 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

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93