Updated Oct 29, 2024
Duke Properties Acquires 5,812 SF Multifamily In Brooklyn For $2.3M
913 St Marks Ave, Brooklyn, NY 11213, USA
$2,325,000
$40/SF
Building Size
58,120 SF
Asset Type
MultiFamily
Closing
May 22, 2019
About this deal
AI
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.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93