Updated Sep 5, 2024
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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