Updated Mar 10, 2026
Mark Martov Of The Corcoran Group Sells Multifamily Property At 974 Bergen Street For $4.12M
974 Bergen Street
$4,120,000
$1,144/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 23, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 974 Bergen Street in the Brooklyn market. The sale price for the property was $4,120,000, covering a total square footage of 3,600. The price per square foot for this transaction was recorded at $1,144.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,120,000
- Square Footage: 3,600
- Price per Square Foot: $1,144
- Address: 974 Bergen Street
- Market: Brooklyn
- Seller: Mark Martov
- Broker: Mark Martov - The Corcoran Group
Mark Martov is not only the seller but also serves as the broker in this transaction, representing himself through The Corcoran Group. The broker is actively acquiring vacant and distressed townhouses for condo conversion, offering top finder’s fees for direct leads from brokers, owners, and wholesalers.
On the Map
$4,120,000
$1,144/SF
MultiFamily
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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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93