Updated Sep 24, 2026
The Mesulan Family Acquires Multifamily Asset From The Waxman Family In Brooklyn For $1,950,000
123 3rd Place
$1,950,000
$296/SF
Building Size
6,580 SF
Asset Type
MultiFamily
Closing
Aug 5, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 123 3rd Place in Brooklyn. The sale price was $1,950,000 for a total of 6,580 square feet, resulting in a price per square foot of $296.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Square Footage: 6,580
- Price per Square Foot: $296
- Buyer: The Mesulan Family
- Seller: The Waxman Family
- Brokers: Lev Mavashev & Jerry Mavashev - Alpha Realty
- Date of Transaction: 08/05/2026
Lev Mavashev and Jerry Mavashev represented the transaction as brokers, facilitating the deal between The Mesulan Family, the buyers, and The Waxman Family, the sellers. Their involvement was crucial in bringing the two parties together for this multifamily asset transaction.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93