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125 Martense Street, Brookl...

Moishe Schlesinger Acquires Multifamily Property On Martense Street In Brooklyn For $1.1M
SOLDMultiFamily

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

Jason Grunberg

SAB Capital

Broker

$131.9M

vol

27 deals

Broker

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