Updated Dec 19, 2023
Amanda Walters Acquires Multifamily Property In Brooklyn Heights For $3.83M
38 Schermerhorn Street, Brooklyn, New York 11201, United States
$3,830,000
$624/SF
Building Size
6,132 SF
Asset Type
MultiFamily
Closing
May 10, 2022
About this deal
AI
A multifamily property located at 38 Schermerhorn St. in Brooklyn Heights has been sold for a total of $3,830,000. The property consists of 7 units with an average price per unit of $547,142. The total square footage of the property is 6,132, resulting in a price per square foot of $624.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,830,000
- Address: 38 Schermerhorn St.
- Market: Brooklyn Heights
- Buyer: Amanda Walters
- Seller: John Smith
- Brokers: Steve Stilianudakis, Alexander Boriskin, Michael Lorber - Douglas Elliman Real Estate
- Units: 7
- Price Per Unit: $547,142
- Square Footage: 6,132
- Price Per Square Foot: $624
The deal was facilitated by brokers Steve Stilianudakis, Alexander Boriskin, and Michael Lorber from Douglas Elliman Real Estate. They represented both the buyer, Amanda Walters, and the seller, John Smith, in the transaction.
On the Map
$3,830,000
$624/SF
MultiFamily
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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
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93