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138 Saint Marks Place, Broo...

Connor Domershick & Max Maleh Acquire Mixed-Use Property In Park Slope For $3.7M
LEASEDMixed-use

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

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker

Connor Domershick

Conway Capital

Buyer

$57M

vol

15 deals

Buyer

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