Updated May 12, 2025
Omid Mashieh Acquires Multifamily Building At 45 Saint Marks Avenue Park Slope For $2.9M
45 Saint Marks Avenue
$2,900,000
$828/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Mar 5, 2025
About this deal
AI
A three-unit multifamily building located at 45 Saint Marks Avenue in the Park Slope market of Brooklyn was acquired. The sale price for the property was set at $2,900,000. This asset features 4,000 square feet of building space, translating to a price per building square foot of $725, and a total of 3,500 square feet, resulting in a price per square foot of $829.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 3
- Building Square Feet: 4,000
- Price per Building Square Foot: $725
- Total Square Feet: 3,500
- Price per Square Foot: $829
Omid Mashieh, acting through Mtek 45 St. Marks LLC, has successfully completed the acquisition of the aforementioned property, marking a significant transaction in the local real estate market.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93