Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,230,000
$384/SF
MultiFamily
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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