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110 Mckibbin Street

Rob Steuw Purchases Multifamily Property From Joseph Aghelian In Brooklyn For $2.5M
SOLDMultiFamily

Rob Steuw Purchases Multifamily Property From Joseph Aghelian In Brooklyn For $2.5M

110 Mckibbin Street

$2,500,000

$1,250/SF

Building Size

2,000 SF

Asset Type

MultiFamily

Closing

Dec 15, 2025

AI

This multifamily property located at 110 Mckibbin Street in Brooklyn features two units, covering a total area of 2,000 square feet. The property was sold for $2,500,000, resulting in a price per unit of $1,250,000 and a price per square foot of $1,250.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 2
  • Square Footage: 2,000
  • Price Per Unit: $1,250,000
  • Price Per Square Foot: $1,250
  • Buyer: Rob Steuw
  • Seller: Joseph Aghelian
  • Seller's Representative: Sully Klein

In this transaction, Rob Steuw acquired the property from Joseph Aghelian, with Sully Klein representing the seller throughout the process. The transaction showcases active participation from all parties involved in the sale.

Players

Sully Klein

Broker

$28.7M

vol

14 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93