Updated Dec 21, 2023
Herby Cajou Sells Multifamily Property On Vanderbilt Avenue In Prospect Heights For $2.6M
615 Vanderbilt Avenue, Prospect Heights, Brooklyn, NY, USA
$2,600,000
$627/SF
Building Size
4,144 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
About this deal
AI
615 Vanderbilt Avenue, a multifamily property located in Prospect Heights, Brooklyn, was recently sold for $2,600,000. The property spans 4,144 square feet, with a price per square foot of $627.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 615 Vanderbilt Avenue
- Market: Prospect Heights, Brooklyn
The seller of the property was Herby Cajou. The deal was facilitated by brokers Derek Bestreich, Adam Lobel, and Luke Sproviero from BRG_CRE.
The multifamily sale at 615 Vanderbilt Avenue, Prospect Heights, Brooklyn, NY, USA in New York, New York sold for $2.6M in 2021. The building is 4,144 square feet, implying about 627 per square foot on the published price. Luke Sproviero, Adam Lobel, Derek Bestreich, Investment Property Realty Group (IPRG) appear on the sale alongside Investment Property Realty Group (IPRG). This page is the New York, New York file for the 615 Vanderbilt Avenue, Prospect Heights, Brooklyn, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 615 Vanderbilt Avenue, Prospect Heights, Brooklyn, NY, USA around 2021. Published consideration for 615 Vanderbilt Avenue, Prospect Heights, Brooklyn, NY, USA is $2.6M, dated 2021. Cite this Herby Cajou Sells Multifamily Property On Vanderbilt Avenue In Prospect Heights For $2.6M sale when underwriting similar multifamily product around New York, New York.
Players
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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