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96 Sterling Place

Peak Capital Sells 25-Unit Multifamily In Park Slope, Brooklyn For $16.5M
SOLDMultiFamily

Peak Capital Sells 25-Unit Multifamily In Park Slope, Brooklyn For $16.5M

96 Sterling Place

$16,500,000

$761/SF

Building Size

21,674 SF

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

The multifamily property located at 96 Sterling Place in Park Slope, Brooklyn has been sold in a recent transaction. The property consists of 25 units and spans a total of 21,674 square feet. The sale price for this transaction was $16,500,000, resulting in an average price per unit of $660,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,500,000
  • Address: 96 Sterling Place, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Units: 25
  • Price Per Unit: $660,000
  • Square Footage: 21,674

The sellers of this property were Alex Rabin and David Gomez, representing Peak Capital. The deal was facilitated by brokers Brandon Polakoff, Frederick Richter, Ryan McGuirl, Noah Kossoff, and Joseph Moran from Avison Young.

Players

David Gomez

Peak Real Estate

Broker

$402.3M

vol

71 deals

Broker
David Gomez

David Gomez

Seller

$402.3M

vol

71 deals

Seller

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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93