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280 Saint Marks Avenue

Rodney Millot Acquires Prospect Heights Condo For $1.65M
SOLDCondo

Rodney Millot Acquires Prospect Heights Condo For $1.65M

280 Saint Marks Avenue

$1,650,000

$1,650,000/SF

Building Size

1 SF

Asset Type

Condo

Closing

Jan 12, 2022

AI

A condo unit located at 280 Saint Marks Avenue in Prospect Heights, Brooklyn, has been sold for a total price of $1,650,000. The property spans 1,059 square feet and was sold at a price per square foot of $1,558. The transaction took place on 12/01/2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,650,000
  • Market: Prospect Heights, Brooklyn
  • Address: 280 Saint Marks Avenue

The buyer of the condo unit is Rodney Millot. The sale was facilitated by Bernardo Metsch of Atelier WM LLC, acting as the broker for Rodney Millot.

Players

Bernardo Metsch

Broker

$39.3M

vol

9 deals

Broker

Rodney Millot

Buyer

$3.3M

vol

2 deals

Buyer

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93