Updated Oct 12, 2026
Unicorn Properties Acquires Multifamily Property In Prospect Heights For $2M
625 Park Place, Brooklyn, New York 11238, United States
$3,822,500
$1,022/SF
Building Size
3,737 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Unicorn Properties has acquired a multifamily property located at 582 Park Pl. in Prospect Heights for a total of $2,000,000. The property consists of 3 units, with each unit priced at approximately $666,666. The total square footage of the property is 3,900, resulting in a price per square foot of $512.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
Nathaniel Smith, Dan Mahg, and Yani Grinberg from Team BlueSale, representing Oxford Property Group, facilitated the transaction between the buyer, Unicorn Properties, and the seller, Donna Cerio.
On the Map
$3,822,500
$1,022/SF
MultiFamily
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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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93