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984 Saint Johns Place

Pica - Prentis Family Acquires Multifamily Property In Crown Heights For $2.1M
SOLDMultiFamily

Pica - Prentis Family Acquires Multifamily Property In Crown Heights For $2.1M

984 Saint Johns Place

$2,100,000

$1,000/SF

Building Size

2,100 SF

Asset Type

MultiFamily

Closing

Aug 12, 2022

AI

The multifamily property located at 984 St. Johns Pl. in Crown Heights, Brooklyn has been sold for a price of $2,100,000. The property consists of 2 units and spans a total area of 2,100 square feet. The price per unit is calculated at $1,050,000, while the price per square foot is $1,000. This transaction represents a closed deal in the real estate market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 2
  • Price per Unit: $1,050,000
  • Square Feet: 2,100
  • Price per Square Foot: $1,000
  • Address: 984 St. Johns Pl.
  • Market: Crown Heights, Brooklyn

The buyer, represented by Pica - Prentis Family, acquired the property from the seller, represented by Pena - Shephard Family. The deal was facilitated by two brokers, Travonte' Taylor of The Victoria Shtainer Team at Compass and Michael Kahler of Douglas Elliman. These key individuals and companies played a significant role in the successful completion of the transaction.

Players

Travonté Taylor

Compass

Broker

$6.2M

vol

2 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93