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184 Saint Marks Avenue, Bro...

Updated Sep 9, 2024

184 Saint Marks Avenue Multifamily Sold In Prospect Heights For $2.975M From Seller Stephen Commender
SOLDMultiFamily

184 Saint Marks Avenue Multifamily Sold In Prospect Heights For $2.975M From Seller Stephen Commender

184 Saint Marks Avenue, Brooklyn, NY, USA

$2,975,000

$641/SF

Building Size

4,640 SF

Asset Type

MultiFamily

Closing

Oct 18, 2021

About this deal

AI

184 Saint Marks Avenue, located in Prospect Heights, has been sold in a multifamily transaction. The property, consisting of 4 units, spans a total of 4,640 square feet. The sale price for this transaction was $2,975,000, resulting in a price per unit of $743,750 and a price per square foot of $641.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,975,000
  • Address: 184 Saint Marks Avenue
  • Market: Prospect Heights
  • Units: 4
  • Price per Unit: $743,750
  • Square Footage: 4,640
  • Price per Square Foot: $641

The transaction was facilitated by the Bestreich Realty Group, with brokers Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah representing the seller, Stephen Commender.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$163M

vol

62 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $641 per square foot on a published $3M for 4,640 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.33%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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