Updated Dec 21, 2023
Lev Mavashev Of Alpha Realty Brokers $24M Sale Of Multifamily Building In Crown Heights
792 Sterling Place
$24,000,000
$389/SF
Building Size
61,565 SF
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
AI
A multifamily property located at 792 Sterling Pl. in Crown Heights has been sold for $24,000,000. The transaction was facilitated by Lev Mavashev of Alpha Realty. The property spans a total of 61,565 square feet, resulting in a price per square foot of $389.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Address: 792 Sterling Pl.
- Market: Crown Heights
Lev Mavashev of Alpha Realty represented the parties involved in this transaction, serving as the broker for the deal.
Players
New York 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93