Carlos & Judy Holland Sell Multifamily Asset At 196 Saint Marks Avenue Brooklyn For $3.36M
SOLD
$3,360,000
New York
See Similar DealsMultiFamily4,543 SF
Sold 09/19/2025
SOLD
Carlos & Judy Holland Sell Multifamily Asset At 196 Saint Marks Avenue Brooklyn For $3.36M
196 Saint Marks Avenue
See Similar DealsMultiFamily4,543 SF
Sold 09/19/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$739
Total Square Footage:4,543 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$179,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,937.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,928.11
Annual Debt Service$191,137.37
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