Cohabs Acquires Co-Living Building At 907 St. Marks In Crown Heights, Brooklyn

A 4-unit co-living building located at 907 St. Marks in Crown Heights, Brooklyn has been sold for a price of $5,125,000. The property, with a total square footage of 7,500, was customly designed for co-living use and features 7 bedrooms per floor, totaling 28 bedrooms. The sale price per unit stands at $1,281,250, while the price per square foot is $683. This transaction marks the first finished co-living building to be sold in Brooklyn, indicating a growing trend in the market as it recovers from the effects of the pandemic.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,125,000
• Address: 907 St. Marks, Crown Heights, Brooklyn
• Market: Crown Heights, Brooklyn
• Buyer: Cohabs - James Grasso
• Seller: Gemma Property Group, LLC - Eddie Soleymani
• Broker: DJ Johnston - B6 Real Estate Advisors
• Units: 4
• Price per Unit: $1,281,250
• Square Footage: 7,500
• Price per Square Foot: $683

The buyer of the property is Cohabs, a European co-living community that is making an impact on the NYC market. CoHabs aims to enhance the co-living experience in New York by bringing a fresh approach to technology, design, and comfort. Their acquisition of the 907 St. Marks building aligns with their goal of setting a new standard for co-living in the city.

B6 Real Estate Advisors, represented by DJ Johnston, facilitated the transaction. The real estate agency specializes in staying ahead of market trends and approaching the local market with sophistication and creativity. They currently have two other co-living buildings on the market in Brooklyn and welcome potential buyers interested in similar products to connect with them. DJ Johnston can be contacted at 914-584-7422 or via email at [email protected].