Ariel Shalom Sells 7 Unit Multifamily Property In Prospect Heights Brooklyn For $12.83M
251 Saint Marks Avenue
$12,835,000
$1,346/SF
Building Size
9,536 SF
Asset Type
MultiFamily
Closing
Jul 12, 2024
AI
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:
- Property Type: Multifamily
- Transaction Amount: $12,835,000
- Units: 7
- Price Per Unit: $1,833,571
- Square Footage: 9,536
- Price Per Square Foot: $1,346
- Seller: Ariel Shalom
- Broker: Nick Hovsepian - The Corcoran Group
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.
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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93