facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1423 Saint Marks Avenue

Updated Sep 5, 2024

Dan Peleg Acquires Multifamily Building In Crown Heights For $1.2M
SOLDMultiFamily

Dan Peleg Acquires Multifamily Building In Crown Heights For $1.2M

1423 Saint Marks Avenue

$1,200,000

$302/SF

Building Size

3,970 SF

Asset Type

MultiFamily

Closing

Jun 7, 2022

About this deal

AI

1423 St. Marks Avenue, located in Crown Heights, Brooklyn, has been sold in a successful transaction. This multifamily building consists of 4 units spread across 3,970 square feet. The sale price for the property was $1,200,000, resulting in a price per unit of $300,000 and a price per square foot of $302.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 4
  • Price per Unit: $300,000
  • Square Footage: 3,970
  • Price per Square Foot: $302
  • Address: 1423 St. Marks Ave.
  • Market: Crown Heights

The buyer of 1423 St. Marks Avenue is Dan Peleg, while the seller is Mark Tribe. The deal was facilitated by DJ Johnston and Jermaine Pugh from B6 Real Estate Advisors. If you own a similar building and are interested in understanding how this transaction could translate to your property, you can reach out to DJ Johnston at [email protected] or via phone at 914-584-7422.

Players

DJ Johnston

Matthews

Broker

$504.3M

vol

105 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $302 per square foot on a published $1.2M for 3,970 square feet (2022).

Visit DJ Johnston to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets