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926 Pacific St, Brooklyn, N...

Updated Oct 25, 2024

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

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

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

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Deal FAQ

About $884 per square foot on a published $3.8M for 4,317 square feet (2020).

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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

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