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150 North 9th Street

Alex Rabin & David Gomez Of PEAK Capital Sell Brooklyn Multifamily For $8.5M
SOLDMultiFamily

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

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

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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