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94 Harrison Place

Croce Family Purchases 6-Unit Multifamily Property From Ramos Family For $1,050,000 In Brooklyn
SOLDMultiFamily

Croce Family Purchases 6-Unit Multifamily Property From Ramos Family For $1,050,000 In Brooklyn

94 Harrison Place

$1,050,000

$202/SF

Building Size

5,175 SF

Asset Type

MultiFamily

Closing

May 14, 2026

AI

The property involved in this transaction is a MultiFamily asset located at 94 Harrison Place in Brooklyn. The transaction was completed at a sale price of $1,050,000, with a total of 6 units. The property encompasses a square footage of 5,175, resulting in a price per unit of $175,000 and a price per square foot of $202.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,050,000
  • Units: 6
  • Square Footage: 5,175
  • Price Per Unit: $175,000
  • Price Per Square Foot: $202
  • Buyer: Croce Family
  • Seller: Ramos Family
  • Seller's Representative: Peter Matheos & Isaiah Thomas - Matheos Realty Group

In this transaction, the Croce Family acted as the buyer, while the Ramos Family served as the seller. The seller's representation was provided by Peter Matheos and Isaiah Thomas from Matheos Realty Group, who facilitated the deal.

Players

Isaiah Thomas

Matheos Realty Group

Broker

$76.9M

vol

17 deals

Broker

Brooklyn 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93