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

Property Image
SOLD
$2,100,000
Victoria Shtainer

New York

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MultiFamily2,100 SF
Sold 08/12/2022
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Property Image
SOLD

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

984 Saint Johns Place

See Similar Deals
MultiFamily2,100 SF
Sold 08/12/2022
Victoria Shtainer
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:2,100 SF
Transaction Type:Sale

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

TT
2 deals$6.2M volume(808) 222-0372
BROKER


Victoria Shtainer
Compass
2 deals$6.3M volume
BROKER

Details

SOLD
IMAGE: Travonte' Taylor & Michael Kahler DATE: 08/12/2022 ADDRESS: 984 St. Johns Pl. MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Pica - Prentis Family SELLER: Pena - Shephard Family BROKERS: Travonte` Taylor (@IAmTravonte), The Victoria Shtainer Team (@TheVictoriaShtainerTeam) - Compass (@Compass) & Michael Kahler (@MKahler) - Douglas Elliman SALE PRICE: $2,100,000 UNITS: 2 ~ PPU: $1,050,000 SF: 2,100 ~ PPSF: $1,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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