Updated Sep 14, 2026
Crystal & Frank Yu Acquire Multifamily Property At 54 Saint Marks Place For $5.775M
54 Saint Marks Avenue
$5,775,000
$1,175/SF
Building Size
4,913 SF
Asset Type
MultiFamily
Closing
Aug 5, 2026
About this deal
AI
54 Saint Marks Place is a multifamily property located in Boerum Hill, featuring a total area of 4,913 square feet. The asset was sold for $5,775,000, resulting in a price per square foot of $1,175.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,775,000
- Address: 54 Saint Marks Place
- Market: Boerum Hill
- Square Footage: 4,913
- Price per Square Foot: $1,175
- Buyer: Crystal & Frank Yu
- Seller: Real Estate Developer Amir Zwickel
- Seller's Representatives: Sarig Brand, Ravi Kantha, Cameron LeCates, Nicole Kats - Serhant & Afik Even - FIND Real Estate
This transaction highlights the collaborative effort of the seller's representatives, who worked closely together to facilitate the sale. Acknowledgment goes to the seller, Amir Zwickel, for his vision and execution throughout the project, contributing to a successful trade in a prime Brooklyn location.
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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93