Updated Dec 21, 2023
Daryl Doweleyne Sells Multifamily Property In Brooklyn For $3.15M With Brokers Derek Bestreich, Adam Lobel & Gabriel Kates
176 St Marks Ave, Brooklyn, NY, USA
$3,150,000
$742/SF
Building Size
4,240 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
An off-market multifamily property in Brooklyn has recently been sold for $3,150,000. Located at 176 St. Marks Avenue, the property spans across 4,240 square feet, resulting in a price per square foot of $742. This transaction took place on August 12, 2021, making it a closed deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 176 St. Marks Avenue, Brooklyn
- Market: Brooklyn
The seller of this property was Daryl Doweleyne. Derek Bestreich, Adam Lobel, and Gabriel Kates from Bestreich Realty Group represented the seller as brokers. Their expertise and professional guidance played a crucial role in facilitating this successful transaction.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93