Updated Dec 21, 2023
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
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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