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150 North 9th Street

Updated Feb 6, 2025

Bilt advertisement
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

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

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $8.5M for 5,500 square feet (2025).

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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

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