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105 Boerum Place

Stuart Venner Purchases Multifamily Property In Brooklyn For $2.8 Million With Ronald Cohen & Magal Gabay
SOLDMultiFamily

Stuart Venner Purchases Multifamily Property In Brooklyn For $2.8 Million With Ronald Cohen & Magal Gabay

105 Boerum Place & 107 Boerum Place

$2,800,000

$336/SF

Building Size

8,320 SF

Asset Type

MultiFamily

Closing

Mar 30, 2025

AI

The property asset involved in the transaction is a multifamily building located at 105 Boerum Place & 107 Boerum Place in Brooklyn. The sale was completed for a transaction amount of $2,800,000, encompassing a total of 16 units. The square footage of the buildings is 8,320, which results in a price per unit of $175,000 and a price per square foot of $336.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 16
  • Price per Unit: $175,000
  • Square Footage: 8,320
  • Price per Square Foot: $336
  • Buyer: Stuart Venner
  • Brokers: Ronald Cohen & Magal Gabay - Besen Partners
  • Date of Sale: 04/25/2025
  • Address: 105 Boerum Place & 107 Boerum Place
  • Market: Brooklyn

Key individuals involved in the transaction include Ronald Cohen and Magal Gabay, who represented the buyer as brokers from Besen Partners. The transaction reflects a significant movement in the Brooklyn multifamily market, facilitated by these professionals in the real estate industry.

Players

Ronald Cohen

Besen Partners

Broker

$95.3M

vol

25 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93