Updated Feb 21, 2025
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
About this deal
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.
On the Map
$16,500,000
$761/SF
MultiFamily
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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