Duke Properties Acquires 5,812 SF Multifamily In Brooklyn For $2.3M
SOLD
$2,325,000
New York
See Similar DealsMultiFamily58,120 SF
Sold 05/23/2019
SOLD
Duke Properties Acquires 5,812 SF Multifamily In Brooklyn For $2.3M
913 St Marks Ave, Brooklyn, NY 11213, USA
See Similar DealsMultiFamily58,120 SF
Sold 05/23/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$40
Total Square Footage:58,120 SF
Transaction Type:Sale
The multifamily property located at 913 St Marks Ave in Brooklyn's Crown Heights neighborhood has been sold for $2,325,000. The property spans a total of 5,812 square feet, resulting in a price per square foot of $400. This transaction involved a vacant property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Address: 913 St Marks Ave
- Market: Brooklyn, Crown Heights
- Square Footage: 5,812
- Price per Square Foot: $400
- Seller: Blackman Family
- Buyer: Duke Properties
- Broker: Marcel Fridman - Barcel Group
Marcel Fridman from Barcel Group represented Duke Properties as their broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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