Ravi Kantha & Matthew Lesser Sell Brooklyn Heights Multifamily For $3.9M
56 Pierrepont Street
$3,900,000
$482/SF
Building Size
8,086 SF
Asset Type
MultiFamily
Closing
Sep 26, 2023
AI
Located at 56 Pierrepont Street in Brooklyn Heights, this multifamily property has recently been sold. The property consists of 13 units, with a per unit price of $300,000. The total square footage of the property is 8,086, resulting in a price per square foot of $482. The sale was facilitated by Ravi Kantha and Matthew Lesser of Leslie Garfield. The transaction amount for this sale was $3,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 13
- Price per Unit: $300,000
- Square Footage: 8,086
- Price per Square Foot: $482
- Seller's Representatives: Ravi Kantha and Matthew Lesser of Leslie Garfield
Ravi Kantha and Matthew Lesser, representing Leslie Garfield, played a crucial role in the successful completion of this transaction in Brooklyn Heights. Their expertise and negotiation skills contributed to the sale price of $3,900,000 for this multifamily property. Both Kantha and Lesser have a deep understanding of the local market and possess extensive experience in handling similar real estate deals.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93