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54 Saint Marks Place

Entity Led By Amir Zwickel Purchases Multifamily Asset At 54 Saint Marks Place For $2.42M
SOLDMultiFamily

Entity Led By Amir Zwickel Purchases Multifamily Asset At 54 Saint Marks Place For $2.42M

54 Saint Marks Place

$2,420,000

$640/SF

Building Size

3,780 SF

Asset Type

MultiFamily

Closing

Oct 31, 2024

AI

The property asset involved in this transaction is a multifamily building located at 54 Saint Marks Place in Brooklyn. The sale price of the property was $2,420,000, and it encompasses a total area of 3,780 square feet, resulting in a price per square foot of $640.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,420,000
  • Address: 54 Saint Marks Place
  • Market: Brooklyn
  • Square Footage: 3,780
  • Price Per Square Foot: $640
  • Buyer: Entity Led By Real Estate Developer Amir Zwickel
  • Seller: Sylvester Cassian Emanus
  • Buyer's Representatives: Afik Even & Sarig Brand
  • Seller's Representative: Hamza Alnasr - Manhattan Realty Group

This transaction highlights the efficient and prompt collaboration of the involved parties. The broker noted that the owner was ready to sell, and the buyer was poised to purchase; within 24 hours, an accepted offer and signed contract were secured. The transaction was completed with all cash and no contingencies.

Players

Sarig Brand

Broker

$51M

vol

19 deals

Broker

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

6.55%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93