Connor Domershick & Max Maleh Acquire Mixed-Use Property In Park Slope For $3.7M
138 Saint Marks Place, Brooklyn, NY 11217, USA
Building Size
4,860 SF
Asset Type
Mixed-use
Closing
Mar 30, 2021
AI
The mixed-use property located at 138 St Marks Place in Park Slope has been sold for a total of $3,700,000. The transaction took place on March 31, 2021, and the property spans a total of 4,860 square feet. The sale price per square foot was $761.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,700,000
- Address: 138 St Marks Place
- Market: Park Slope
- Zoning: R6A, C1-4
The buyer of the property is Connor Domershick and Max Maleh. They were represented by brokers Adam Hess and Edward Setton from Meridian Capital Group.
The property consists of 10 units, with each unit being sold at an average price of $370,000. The capitalization rate for this transaction is 5.75%.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease 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