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:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 489 Prospect Place
- Market: Brooklyn
- Square Footage: 10,752
- Price Per Square Foot: $241
- Seller: Howard Rosenhouse
- Broker Representatives: Nate Pilchick, Shlomo Antebi, Yosef Katz & Erik Yankelovich - Atlas Realty Group
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
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