Updated Mar 4, 2026
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
About this deal
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