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133 Java Street

Okada Denki Sangyo Co Acquires Greenpoint Multifamily From Parag Sawhney For $4.65M
SOLDMultiFamily

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.

Players

OC
Okada Denki Sangyo CoBuyer

Parag Sawhney

Penn South Capital

Seller

$175.5M

vol

23 deals

Seller

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