Updated Oct 25, 2024
Cecilia Rempert Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.82M
926 Pacific St, Brooklyn, NY 11238, USA
$3,820,000
$884/SF
Building Size
4,317 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
The multifamily property located at 926 Pacific Street in Prospect Heights, Brooklyn was recently sold in a closed transaction. The property consists of 3 units and spans across 4,317 square feet. The asking price for the property was $3,900,000, and it was ultimately sold for $3,820,000, resulting in a price per square foot of $885.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,820,000
- Address: 926 Pacific Street, Prospect Heights, Brooklyn
- Market: Prospect Heights, Brooklyn
- Square Footage: 4,317
- Asking Price: $3,900,000
- Price per Square Foot: $885
- Units: 3
The seller of the property was Moshe Levy & Raffi Manor, while the buyer was Cecilia Rempert. The deal was facilitated by David Avgi, a broker who represented the parties involved in the transaction.
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93