689 Saint Marks Avenue
$3,800,000
689 Saint Marks Avenue, Brooklyn, NY 11216
6,360 SF
Square Feet
$597
PPSF
7.28%
CAP
Property Description
NOI
$276,500
Cap Rate
7.28%
100% occupied and minimal management. High 7% cap rate. 6360 SF Mixed-used building on the corner of Nostrand Avenue and Saint Marks surrounded by Brownstones.
• It’s on one of the busiest avenues in Brooklyn
• Free market building
• Strong commercial tenants
• Very close to the 2345 A & C Train
Property Details
Asset Type
MultiFamily
Year Built
1910
Zoning
R6A
Lot Size
1,900 SF
Neighborhood
Crown Heights
Submarket
Brooklyn
ZIP
11216
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$438,667
Debt Service Coverage Ratio (DSCR)
2.03x
Cap Rate
11.54%
Cash Flow (Annual)
$222,500
Cash-on-Cash Return
23.42%
Monthly Debt Service
$18,014
Annual Debt Service
$216,167
View on Map
Address
689 Saint Marks Avenue
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
