Updated Oct 28, 2024
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
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