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Ariel Shalom Sells 7 Unit Multifamily Property In Prospect Heights Brooklyn For $12.83M

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SOLD
$12,835,000

New York

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MultiFamily9,536 SF
Sold 07/12/2024
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Property Image
SOLD

Ariel Shalom Sells 7 Unit Multifamily Property In Prospect Heights Brooklyn For $12.83M

251 Saint Marks Avenue

See Similar Deals
MultiFamily9,536 SF
Sold 07/12/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,346
Total Square Footage:9,536 SF
Transaction Type:Sale

The property asset involved in this transaction is a 7-unit condominium located at 251 Saint Marks Avenue in Prospect Heights, Brooklyn. The sale price for the property amounted to $12,835,000, with a price per unit of $1,833,571. The total square footage of the property is 9,536, which results in a price per square foot of $1,346.

Summary of transaction details:

Key individuals in this transaction include the seller Ariel Shalom and the broker representing the seller, Nick Hovsepian from The Corcoran Group. The transaction took place on 07/12/2024.

Players

Nick Hovsepian
9 deals$67.8M volume
BROKER

Details

SOLD
IMAGE: Ariel Shalom & Nick Hovsepian DATE: 07/12/2024 ADDRESS: 251 Saint Marks Avenue MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily SELLER: Ariel Shalom BROKER: Nick Hovsepian (@NickHovsepian) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $12,835,000 UNITS: 7 ~ PPU: $1,833,571 SF: 9,536 ~ PPSF: $1,346 NOTE FROM BROKER: 7 unit condominium

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$45,600.05
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