Andrew F. Crockett Acquires Multifamily Property From Mark Melizanis In Guttenberg For $3M
222 224 70th Street
$3,000,000
$425/SF
Building Size
7,050 SF
Asset Type
MultiFamily
Closing
Nov 11, 2025
AI
The transaction involved a multifamily property located at 222-224 70th Street in Guttenberg. The asset comprises 10 residential units and was sold for $3,000,000, resulting in a price per unit of $300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 10
- Price Per Unit: $300,000
- Buyer: Andrew F. Crockett
- Broker: David Ferber - Matthews
- Sale Date: 11/12/2025
- Address: 222-224 70th Street
- Market: Guttenberg
Andrew F. Crockett was the buyer in this transaction. David Ferber from Matthews acted as the broker representing this sale, facilitating the deal between the involved parties.
Players
Guttenberg 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93