Updated Oct 28, 2024
Alchemy Ventures Acquires Multifamily Property In Park Slope, Brooklyn For $2.3M
27A Saint Marks Avenue, Brooklyn, NY, USA
$2,300,000
$705/SF
Building Size
3,260 SF
Asset Type
MultiFamily
Closing
Jul 1, 2021
About this deal
AI
Located at 27 A Saint Marks Avenue in Park Slope, Brooklyn, this multifamily property was sold in a closed transaction on July 2, 2021. The property consists of 5 units and offers a total of 3,260 square feet of space. The sale price for this transaction was $2,300,000, resulting in a price per unit of $460,000 and a price per square foot of $706.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 5
- Price per Unit: $460,000
- Square Footage: 3,260
- Price per Square Foot: $706
- Market: Park Slope, Brooklyn
Alchemy Ventures acquired the property from Carmelita Neal. The seller was represented by George P. Georgaklis as their attorney. The deal was facilitated by Shaun Riney, Mark Zarrella, and Aaron Lunzer of @NewYorkMultifamily and @MarcusMillichap_NY.
On the Map
$2,300,000
$705/SF
MultiFamily
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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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93