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369 Park Place, Prospect He...

Christopher Peacocke Acquires Four-Family Walk-up Apartments In Prospect Heights For $4.09M
SOLDMultiFamily

Christopher Peacocke Acquires Four-Family Walk-up Apartments In Prospect Heights For $4.09M

369 Park Place, Prospect Heights, Brooklyn, NY, USA

$4,090,000

$1,559/SF

Building Size

2,622 SF

Asset Type

MultiFamily

Closing

Nov 8, 2021

AI

A four-family walk-up apartment building located at 369 Park Place in Prospect Heights, Brooklyn has been sold in a recent transaction. The property, classified as C3 with an R6B zoning, offers a total of 2,622 square feet of space. The sale price for the property was $4,090,000, resulting in a price per square foot of $1,560. The transaction took place on November 9, 2021.

Summary of transaction details:

  • Property Type: Walk-up Apartments - Four Families (C3) ~ R6B
  • Transaction Amount: $4,090,000
  • Address: 369 Park Place, Prospect Heights, Brooklyn
  • Square Footage: 2,622
  • Price Per Square Foot: $1,560

The buyer of the property is Christopher Peacocke, while the seller is Walter Catesby Perrin III. This transaction marks the second sale of the property, with the previous sale occurring on June 15, 2017, at a price of $3,790,706.

Players

Walter Catesby Perrin III

Seller

$9.1M

vol

2 deals

Seller

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

3.88%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93