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489 Prospect Place

Howard Rosenhouse Sells Multifamily Asset At 489 Prospect Place Brooklyn For $2,600,000
SOLDMultiFamily

Howard Rosenhouse Sells Multifamily Asset At 489 Prospect Place Brooklyn For $2,600,000

489 Prospect Place

$2,600,000

$241/SF

Building Size

10,752 SF

Asset Type

MultiFamily

Closing

Jan 15, 2026

AI

The property asset involved in this transaction is a multifamily building located at 489 Prospect Place in Brooklyn. The sale was executed for $2,600,000, encompassing a total area of 10,752 square feet, which translates to a price per square foot of $241.

Summary of transaction details:

The transaction was facilitated by the brokerage team from Atlas Realty Group, including representatives Nate Pilchick, Shlomo Antebi, Yosef Katz, and Erik Yankelovich, who played a significant role in connecting the seller with the prospective buyer for this multifamily property deal.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93