This site catering to the Real Estate community says it has changed hands:
bktothefullest » this Crown Heights 8-Family went in contract for its asking price of $1.6M. 597 Park Place is a 4-story 25' x 65' building on a 131' lot just off of the hub of Crown Heights, Franklin Avenue. Chopped into eight 1BR apartments, many well under market, it's a decent look at size & upside in an area on the rise. Especially in a climate where 8-Families like this can command more than twice this price just a few avenues over.
bktothefullest » Whether you count by gross rent multiple or cap rate, neither the as-is or pro-forma numbers provided will wow you. But at even the most modest market rental numbers for these units, $1.6M is less than 10 times rent roll and a 6.5% cap rate. With only 1 apartment currently rented above $1,150/month, you'd have great tenants tripping over themselves to nab one of these 1BR's for more than that. Yet the price per square foot of $266 is competitive with anything else in a location of this caliber.