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926 Pacific St, Brooklyn, N...

Cecilia Rempert Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.82M
SOLDMultiFamily

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

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

David Avgi

Avenues Real Estate

Broker

$81.2M

vol

24 deals

Broker
Bold Real Estate
Bold Real EstateBrokerage

Moshe Levy

Seller

$12.2M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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