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
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