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Connor Domershick & Max Maleh Acquire Multifamily Property In Boerum Hill For $3.93M

Property Image
SOLD
$3,930,000
Robert (Robbie) Ferman
Michael (Mike) Salvatico
Daniel Greenblatt
+ 4

New York

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MultiFamily6,960 SF
Sold 10/20/2022
the dealplayerscompscontact
Property Image
SOLD

Connor Domershick & Max Maleh Acquire Multifamily Property In Boerum Hill For $3.93M

372 Baltic Street, Brooklyn, New York 11201, United States

See Similar Deals
MultiFamily6,960 SF
Sold 10/20/2022
Robert (Robbie) Ferman
Michael (Mike) Salvatico
Daniel Greenblatt
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$564
Total Square Footage:6,960 SF
Transaction Type:Sale

The multifamily property located at 372 Baltic Street in Boerum Hill has been sold. The property spans a total of 6,960 square feet and was sold for a price of $3,930,000, resulting in a price per square foot of $565.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $3,930,000
  • Square Footage: 6,960
  • Address: 372 Baltic Street
  • Market: Boerum Hill

The buyers of the property are Connor Domershick and Max Maleh, while the seller is Michael Shah. The deal was facilitated by brokers Shaun Riney, Daniel Greenblatt, Michael Salvatico, and Robbie Ferman from Marcus & Millichap.

Players

Michael (Mike) Salvatico
Marcus & Millichap
Michael Salvatico
173 deals$787M volume(718) 475-4358
BROKER
Daniel Greenblatt
Marcus & Millichap
Daniel Greenblatt
69 deals$263.4M volume
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
355 deals$1.8B volume(718) 475-4369
BROKER
Robert (Robbie) Ferman
Newmark
Robert Ferman
28 deals$299.6M volume(212) 655-0695
BROKER
CD
Conway Capital
Connor Domershick
15 deals$57M volume
BUYER
Max Maleh
Conway Capital
Max Maleh
15 deals$57M volume
BUYER

Details

SOLD
IMAGE: Shaun Riney, Michael Salvatico, Connor Domershick, Robbie Ferman, Max Maleh & Daniel Greenblatt DATE: 10/20/2022 ADDRESS: 372 Baltic Street MARKET: Boerum Hill ASSET TYPE: Multifamily BUYER: Connor Domershick (@ConnorDomer) & Max Maleh (@MaxMaleh) SELLER: Michael Shah BROKERS: Shaun Riney (@ShaunRiney1), Daniel Greenblatt (@DealBlatt), Michael Salvatico (@MikeSalvatico) & Robbie Ferman (@Bobbie_Brownstone) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $3,930,000 SF: 6,960 ~ PPSF: $565

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$13,962.47
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