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128 Division Ave, Brooklyn,...

Martin Josephy Acquires Williamsburgh Multifamily From Harold Klein Through Steven Vegh
SOLDMultiFamily

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

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker

Harold Klein

Seller

$5.9M

vol

2 deals

Seller

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