John Mavroudes Sells Multifamily Asset At 62 4th Place In Carroll Gardens For $5.025M
62 4th Place
$5,025,000
$948/SF
Building Size
5,300 SF
Asset Type
MultiFamily
Closing
Dec 10, 2025
AI
The property asset involved in this transaction is a multifamily building located at 62 4th Place in the Carroll Gardens market. The sale price was $5,025,000, encompassing four units with a total of 5,300 square feet. The price per unit (PPU) stands at $1,256,250, while the price per square foot (PPSF) is $948.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,025,000
- Units: 4
- Square Footage: 5,300
- Price Per Unit: $1,256,250
- Price Per Square Foot: $948
- Seller: John Mavroudes
- Brokers: Gabriel Kates & Sean Mashihi - Block Real Estate Group
- Date: 12/11/2025
The key individuals involved in this transaction include John Mavroudes as the seller and brokers Gabriel Kates and Sean Mashihi representing the deal through Block Real Estate Group.
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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93