Joseph Pistilli's Pistilli Realty Acquires Crown Heights Multifamily For $12.7M
925 Prospect Pl, Brooklyn, NY 11213, USA
$12,700,000
$14/SF
Building Size
868,040 SF
Asset Type
MultiFamily
Closing
Feb 10, 2020
AI
A multifamily property located at 925 Prospect Place in Crown Heights has been sold in a closed transaction. The property spans 86,804 square feet and consists of 82 units. The sale price for the property was $12,700,000, resulting in a price per square foot of $146. The buyer of the property was Joseph Pistilli from Pistilli Realty. The seller was Prospect Palace LLC, represented by Janna Rossetti.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,700,000
- Square Footage: 86,804
- Price per Square Foot: $146
- Total Units: 82
- Price per Unit: $155,183
- Buyer: Joseph Pistilli from Pistilli Realty
- Seller: Prospect Palace LLC - Janna Rossetti
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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93