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30 Saint Marks Place, Brook...

Updated Dec 21, 2023

Peter Eckenrod Acquires Multifamily Property In Gowanus, Brooklyn For $3.18M
SOLDMultiFamily

Peter Eckenrod Acquires Multifamily Property In Gowanus, Brooklyn For $3.18M

30 Saint Marks Place, Brooklyn, New York 11217, United States

$3,180,000

$883/SF

Building Size

3,598 SF

Asset Type

MultiFamily

Closing

May 15, 2022

About this deal

AI

The recently closed transaction in Gowanus, Brooklyn involved a multifamily property located at 30 St Marks Place. The property, with a total square footage of 3,598, was sold for a price of $3,180,000. The buyer, Peter Eckenrod, acquired the property from the seller, Eugene Gardner. The property is zoned as R6B and has a floor area ratio of 1.77. The lot size is 2,033 square feet and its dimensions are 20.33 ft x 100 ft. The property falls under tax class 1 and has an alteration permit issued on April 9, 2002.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,180,000
  • Building Square Footage: 3,598
  • Price per Square Foot: $883
  • Building Square Footage (BSF): 4,066
  • Price per BSF: $782
  • Floor Area Ratio (FAR): 1.77
  • Tax Class: 1
  • Lot Size: 2,033 square feet
  • Permits: Alteration 2 (04/09/2002)
  • Lot Dimensions: 20.33 ft x 100 ft

It's important to note that the transaction took place in Gowanus, Brooklyn. The purchase was made by Peter Eckenrod, while Eugene Gardner acted as the seller. The deal represents an important opportunity in the multifamily market in this area.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $883 per square foot on a published $3.2M for 3,598 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.99%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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