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
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