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.
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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