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196 Saint Marks Avenue

Carlos & Judy Holland Sell Multifamily Asset At 196 Saint Marks Avenue Brooklyn For $3.36M
SOLDMultiFamily

Carlos & Judy Holland Sell Multifamily Asset At 196 Saint Marks Avenue Brooklyn For $3.36M

196 Saint Marks Avenue

$3,360,000

$739/SF

Building Size

4,543 SF

Asset Type

MultiFamily

Closing

Sep 18, 2025

AI

The property involved in this transaction is a multifamily asset located at 196 Saint Marks Avenue in Brooklyn. The sale price was $3,360,000, with a total of 4 units. The property encompasses 4,543 square feet, resulting in a price per unit of $840,000 and a price per square foot of $739.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,360,000
  • Units: 4
  • Square Footage: 4,543
  • Price per Unit: $840,000
  • Price per Square Foot: $739
  • Seller: Carlos & Judy Holland
  • Brokers: Gabriel Kates & Sean Mashihi - Block Real Estate Group
  • Date of Sale: 9/19/2025

Key individuals in this transaction include brokers Gabriel Kates and Sean Mashihi, who represented the sellers, Carlos and Judy Holland. They are affiliated with Block Real Estate Group, which facilitated the deal.

Players

Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker
Block Real Estate Group
Block Real Estate GroupBrokerage

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

4.72%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93