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Sabbagh Family Purchases Multifamily Property From Shia Weisz In Brooklyn For $6.3M

Property Image
SOLD
$6,300,000

New York

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Mixed-use7,410 SF
Sold 08/15/2025
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Property Image
SOLD

Sabbagh Family Purchases Multifamily Property From Shia Weisz In Brooklyn For $6.3M

Keap Street

See Similar Deals
Mixed-use7,410 SF
Sold 08/15/2025
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$850
Total Square Footage:7,410 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 447 Keap Street, Brooklyn. The sale was completed for a total transaction amount of $6,300,000, covering a square footage of 7,410. The property consists of 6 units, with a price per unit of $1,050,000 and a price per square foot of $850.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Address: 447 Keap Street
  • Market: Brooklyn
  • Square Footage: 7,410
  • Price per Square Foot: $850
  • Units: 6
  • Price per Unit: $1,050,000
  • Buyer: Sabbagh Family
  • Seller: CW Realty
  • Buyer's Representative: Isaac Shabot & Emil Shabot - KSR

This transaction was co-brokered by Shaun Riney, Daniel Greenblatt, and Michael Salvatico from Marcus & Millichap, highlighting the collaboration between different brokerage firms in facilitating the deal.

Players

Isaac Shabot
7 deals$89.7M volume(718) 757-1562
BROKER

 Emil Shabot
Kassin Sabbagh Realty
13 deals$14.3M volume(917) 669-4493
BROKER

Kassin Sabbagh Realty
BROKERAGE

Details

SOLD
IMAGE: Isaac Shabot & Emil Shabot DATE: 8/15/2025 ADDRESS: 447 Keap Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Sabbagh Family SELLER: CW Realty BUYER'S REP: Isaac Shabot (@IShabot) & Emil Shabot - KSR (@Kassin_Sabbagh_Realty) SALE PRICE: $6,300,000 SF: 7,410 ~ PPSF: $850 UNITS: 6 ~ PPU: $1,050,000 NOTE FROM BROKER: co-brokered with Shaun Riney, Daniel Greenblatt & Michael Salvatico from Marcus & Millichap

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57