Updated Dec 21, 2023
Adam Heller Acquires Brooklyn Multifamily At 934 Sterling Place
934 Sterling Pl, Brooklyn, NY 11216, USA
Building Size
28,000 SF
Asset Type
MultiFamily
Closing
Jun 7, 2018
About this deal
AI
A multifamily property located at 934 Sterling Place in Crown Heights, Brooklyn, has been sold for a total price of $2,925,000. The property spans a total of 2,800 square feet, with a price per square foot of $389. The building consists of 8 units and has a total area of 7,516 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,925,000
- Address: 934 Sterling Place, New York
- Market: Crown Heights, Brooklyn
- Size: 2,800 square feet
- Price per Square Foot: $389
- Number of Units: 8
The seller of the property was Jeremy Salzberg, while the buyer was Adam Heller. The brokerage firm Marcus and Millichap, represented by Shaun Riney, facilitated 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93