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57 Saint Marks Place

Henry Coon Acquires Multifamily Property In Brooklyn For $2.5M
SOLDMultiFamily

Henry Coon Acquires Multifamily Property In Brooklyn For $2.5M

57 Saint Marks Place

$2,500,000

$694/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Nov 30, 2020

AI

A multifamily property located at 57 Saint Marks Place in Brooklyn was sold on 12/01/2020. The property spans 3,600 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $694.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 57 Saint Marks Place, Brooklyn
  • Market: Brooklyn

The buyer of the property was Henry Coon, while the seller was Miguel Sang. Representing the seller in the transaction were Joseph Baglio and Toni Bosamonte-Leatherman from Madison Estates.

Players

Joseph Baglio

Madison Estates

Broker

$13.7M

vol

5 deals

Broker

New York 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93