Fei Guo Acquires Multifamily Property At 929 Atlantic Avenue Clinton Hill From Ohannes Korogluyan For $7.7M
929 Atlantic Avenue
$7,700,000
$440/SF
Building Size
17,469 SF
Asset Type
MultiFamily
Closing
May 26, 2026
AI
Fei Guo acquired a multifamily property located at 929 Atlantic Avenue in Clinton Hill, Brooklyn. The property spans 17,469 square feet and was sold for $7.7 million, translating to approximately $441 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,700,000
- Address: 929 Atlantic Avenue
- Market: Clinton Hill, Brooklyn
- Square Footage: 17,469
- Price Per Square Foot: $441
- Buyer: Fei Guo
- Seller: Ohannes Korogluyan
In this transaction, Fei Guo represented the buyer, while Ohannes Korogluyan was the seller in the deal for the multifamily asset.
Players
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93