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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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