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974 Bergen Street

Mark Martov Of The Corcoran Group Sells Multifamily Property At 974 Bergen Street For $4.12M
SOLDMultiFamily

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

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.

Players

Mark Martov

The Corcoran Group

Broker

$39.3M

vol

10 deals

Broker
Mark Martov

Mark Martov

Seller

$39.3M

vol

10 deals

Seller

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