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
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