Updated Dec 21, 2023
Jacob Doctoroff Acquires Multifamily Property In Prospect Heights, Brooklyn For $4.3M
137 Saint Marks Avenue, Brooklyn, New York 11238, United States
$4,300,000
$1,137/SF
Building Size
3,780 SF
Asset Type
MultiFamily
Closing
Jun 7, 202
About this deal
AI
A multifamily property located at 137 St Marks Avenue in Prospect Heights, Brooklyn has been sold for $4,300,000. The property has a building square footage (BSF) of 3,600 with a price per BSF (PPBSF) of $1,194. The total square footage (SF) of the property is 3,780 with a price per SF (PPSF) of $1,137. The property sits on a lot size of 1,800 and has a zoning classification of R6B. The lot dimensions measure 20 ft x 90 ft.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- BSF: 3,600
- PPBSF: $1,194
- SF: 3,780
- PPSF: $1,137
- Lot Size: 1,800
- Zoning: R6B
- Lot Dimension: 20 ft x 90 ft
The buyer in this transaction is Jacob Doctoroff, while the seller is Al Austin.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93