Okada Denki Sangyo Co Acquires Greenpoint Multifamily From Parag Sawhney For $4.65M
133 Java Street
$4,650,000
$1,525/SF
Building Size
3,048 SF
Asset Type
MultiFamily
Closing
Feb 11, 2026
AI
A Japan-based company, Okada Denki Sangyo Co., Ltd., acquired a three-unit multi-family building located at 133 Java Street in Greenpoint, Brooklyn. The property spans a total of 3,048 square feet and was sold for $4,650,000, reflecting a price of approximately $1,526 per square foot. The transaction also included a consideration for the property's air rights, with a buildable square foot cost of $930.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,650,000
- Address: 133 Java Street
- Market: Greenpoint, Brooklyn
- Square Footage: 3,048
- Price per Square Foot: $1,526
- Buildable Square Foot Price: $930
- Buyer: Okada Denki Sangyo Co
- Seller: Parag Sawhney - Penn South Capital
Parag Sawhney represented Penn South Capital in this transaction, facilitating the sale of the multi-family asset. The involvement of Okada Denki Sangyo Co. marks their entry into the Brooklyn real estate market through this purchase.
Brooklyn 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93