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984 Saint Johns Place

Updated Oct 28, 2024

Bilt advertisement
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

About this deal

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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Deal FAQ

About $1K per square foot on a published $2.1M for 2,100 square feet (2022).

Visit Travonté Taylor to view all their deals.

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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

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