The Daniel Group - Daniel Dilamani Acquires 6-Unit Property In Crown Heights For $1.1M
1314 Sterling Pl, Brooklyn, NY 11213, USA
Building Size
60,180 SF
Asset Type
Other
Closing
Jun 21, 2018
About this deal
AI
The property located at 1314 Sterling Place in New York's Crown Heights neighborhood has been sold for $1,100,000. The asset spans a total of 6,018 square feet, translating to a price per square foot of $182. The property consists of six units and is part of a sale transaction.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $1,100,000
- Square Footage: 6,018 sqft
- Price Per Square Foot: $182
- Units: 6
The seller of the property was Thor Equities, represented by Joseph Sitt. The buyer, on the other hand, was The Daniel Group, with Daniel Dilamani acting as their representative in the deal.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93