Updated Sep 9, 2024
Ari Harkov Of Brown Harris Stevens Represents Buyer In $30.1M Brooklyn Multifamily Sale
915 Saint Johns Place
$30,137,500
$968/SF
Building Size
31,119 SF
Asset Type
MultiFamily
Closing
Jan 19, 2023
About this deal
AI
The multifamily property located at 915 Saint John’s Place, 820 Marcy Avenue, and 1436-1440 Pacific Street in Brooklyn has been sold for a total price of $30,137,500. The property spans a total of 31,119 square feet, with a price per square foot of $968.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,137,500
- SF: 31,119
- PPSF: $968
- Address: 915 Saint John’s Place, 820 Marcy Avenue & 1436-1440 Pacific Street
- Market: Brooklyn
- Seller's Representative: Brandon Polakoff - Avison Young
- Buyer's Representative: Ari Harkov - Brown Harris Stevens
The sale of this multifamily property was facilitated by Brandon Polakoff of Avison Young, representing the seller, and Ari Harkov of Brown Harris Stevens, representing the buyer.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93