Updated Dec 21, 2023
Atlas Realty Group Acquires Multifamily Property In Prime Prospect Heights For $3.7M
411 St Johns Place
$3,700,000
$240/SF
Building Size
15,414 SF
Asset Type
MultiFamily
Closing
Nov 1, 2022
About this deal
AI
Located at 411 St Johns Place in Prime Prospect Heights, this multifamily property recently sold for a price of $3,700,000. The transaction took place on 11/01/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Number of Units: 16
- Price per Unit: $231,250
- Square Footage: 15,414
- Price per Square Foot: $240
- Market: Prime Prospect Heights
The deal was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group, who represented the parties involved in the transaction.
Players
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93