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929 Atlantic Avenue

Fei Guo Acquires Multifamily Property At 929 Atlantic Avenue Clinton Hill From Ohannes Korogluyan For $7.7M
SOLDMultiFamily

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

Fei Guo

Buyer

$11.2M

vol

2 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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