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222 224 70th Street

Andrew F. Crockett Acquires Multifamily Property From Mark Melizanis In Guttenberg For $3M
SOLDMultiFamily

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

David Ferber

Matthews

Broker

$149M

vol

28 deals

Broker
Matthews
Matthews Brokerage

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