Updated Dec 4, 2024
Victor Sozio, Sean R. Kelly, Remi Mandell & Jake Brody Represent Seller In $15.65M Prospect Heights Multifamily Sale
Lincoln Place
$15,650,000
$297/SF
Building Size
52,543 SF
Asset Type
MultiFamily
Closing
Nov 7, 2024
About this deal
AI
The property asset located at 315-329 Lincoln Place in Prospect Heights is classified as a multifamily asset featuring a total of 48 units. The total selling price reached $15,650,000, which equates to a price per unit of $326,041. The total square footage of the property is 52,543, resulting in a price per square foot of $298.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,650,000
- Units: 48
- Price per Unit: $326,041
- Square Footage: 52,543
- Price per Square Foot: $298
- Market: Prospect Heights
The transaction was facilitated by brokers Victor Sozio, Sean R. Kelly, Remi Mandell, and Jake Brody from Ariel Property Advisors, representing the seller in the deal.
On the Map
$15,650,000
$297/SF
MultiFamily
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Brooklyn 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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93