Moishe Schlesinger Acquires Multifamily Property On Martense Street In Brooklyn For $1.1M
125 Martense Street, Brooklyn, NY, USA
$1,100,000
$105/SF
Building Size
10,400 SF
Asset Type
MultiFamily
Closing
Dec 21, 2020
AI
A multifamily property located at 125 Martense Street in Brooklyn has been sold. The property has a total square footage of 10,400 square feet. The transaction took place on December 22, 2020. Moishe Schlesinger was the buyer, while Sen Zhang was the seller. The property was represented by brokers Jakub Nowak, Jonathan Eshaghian, and Jason Grunberg from The Nowak Group at Marcus & Millichap NY. The sale price of the property was $1,100,000, resulting in a price per square foot of $105.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 125 Martense Street, Brooklyn
- Market: Brooklyn
- Buyer: Moishe Schlesinger
- Seller: Sen Zhang
- Brokers: Jakub Nowak, Jonathan Eshaghian, and Jason Grunberg from The Nowak Group at Marcus & Millichap NY
- Square Footage: 10,400
- Price Per Square Foot: $105
The sale of this multifamily property at 125 Martense Street in Brooklyn was facilitated by the buyer, Moishe Schlesinger, and the seller, Sen Zhang. The transaction was successfully closed with the help of brokers Jakub Nowak, Jonathan Eshaghian, and Jason Grunberg from The Nowak Group at Marcus & Millichap NY.
Players
New York 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93