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
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