Martin Josephy Acquires Williamsburgh Multifamily From Harold Klein Through Steven Vegh
128 Division Ave, Brooklyn, NY 11211, USA
$1,220,000
$610/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Aug 1, 2019
AI
Located in the Williamsburgh market, the multifamily property at 128 Division Avenue has been sold in a closed transaction. The property spans across 2,000 square feet with a price of $1,220,000, resulting in a price per square foot of $610.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Square Footage: 2,000
- Price per Square Foot: $610
- Address: 128 Division Avenue
- Market: Williamsburgh
The buyer of the property is Martin Josephy, while the seller is Harold Klein. The transaction was facilitated by Steven Vegh, representing the interests of both parties as a broker.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93