Updated Feb 6, 2025
Alex Rabin & David Gomez Of PEAK Capital Sell Brooklyn Multifamily For $8.5M
150 North 9th Street
$8,500,000
$1,545/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Jan 24, 2025
About this deal
AI
The property asset involved in this transaction is located at 150 North 9th Street in Brooklyn, classified as a multifamily structure. The sale price was set at $8,500,000, encompassing a total of 8 units. The total square footage of the property is 5,500, resulting in a price per unit of $1,062,500 and a price per square foot of $1,545.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 8
- Square Footage: 5,500
- Price Per Unit: $1,062,500
- Price Per Square Foot: $1,545
- Seller: Alex Rabin & David Gomez - PEAK Capital
- Broker: Alan Stenson - Brax Realty
- Date of Transaction: 01/24/2025
The deal involved key individuals such as the sellers Alex Rabin and David Gomez, representing PEAK Capital, and broker Alan Stenson from Brax Realty. Each played a critical role in facilitating the transaction, which underscores their involvement in the real estate market of Brooklyn.
Players
Brooklyn 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93