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Xiyu Zheng Purchases Multifamily Property From John Mastrantonis In Brooklyn For $1.375M

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SOLD
$1,375,000

New York

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MultiFamily2,295 SF
Sold 12/12/2025
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Property Image
SOLD

Xiyu Zheng Purchases Multifamily Property From John Mastrantonis In Brooklyn For $1.375M

1161 86th Street

See Similar Deals
MultiFamily2,295 SF
Sold 12/12/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$599
Total Square Footage:2,295 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 1161 86th Street in the Brooklyn market. The sale price was recorded at $1,375,000, with a total of 2 residential units. The property features a total square footage of 2,295, resulting in a price per unit of $687,500 and a price per square foot of $599.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000
  • Address: 1161 86th Street
  • Market: Brooklyn
  • Units: 2
  • Price Per Unit: $687,500
  • Square Footage: 2,295
  • Price Per Square Foot: $599
  • Buyer: Xiyu Zheng
  • Seller: John Mastrantonis
  • Brokers: Billy Apter & Vito Angelo - Re/Max

The individuals involved in the deal include the buyer, Xiyu Zheng, and the seller, John Mastrantonis. The transaction was facilitated by brokers Billy Apter and Vito Angelo, both associated with Re/Max. A note from the brokers indicates they are top-producing agents and offers a free real estate market appraisal to potential clients.

Players

Vito Angelo
38 deals$77.9M volume(718) 887-5708
BROKER

Vito Angelo
Re/Max
38 deals$77.9M volume(718) 887-5708
BROKER

Billy Apter
Re/Max
33 deals$66.3M volume(347) 721-6599
BROKER

Details

SOLD
IMAGE: Vito Angelo DATE: 12/12/2025 ADDRESS: 1161 86th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Xiyu Zheng SELLER: John Mastrantonis BROKERS: Billy Apter (@Remaxreal) & Vito Angelo (@TheVitoAngeloShow) (@VitoAngeloSellsBrooklyn) (@TheRealEstateaTeamProf) - Re/Max SALE PRICE: $1,375,000 UNITS: 2 ~ PPU: $687,500 SF: 2,295 ~ PPSF: $599 NOTE FROM BROKER: Top Producing Agents! Your Home Maybe Worth More Than You Think! Call today to speak with One of our Top Selling Agents Vito Angelo ~ 718-887-5708 or Billy Apter ~ 347-721-6599 Free Real Estate Market Appraisal!

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
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