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62 4th Place

John Mavroudes Sells Multifamily Asset At 62 4th Place In Carroll Gardens For $5.025M
SOLDMultiFamily

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

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker
Block Real Estate Group
Block Real Estate GroupBrokerage

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

3.16%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93