Soly Halabi Purchases 138 Montague Street Multifamily In Brooklyn For $6 Million
138 Montague Street
$6,000,000
$1,275/SF
Building Size
4,703 SF
Asset Type
MultiFamily
Closing
Mar 1, 2026
AI
The property asset involved in this transaction is a multifamily building located at 138 Montague Street in Brooklyn. The sale was completed for a price of $6,000,000, encompassing a total of 26 units. The building covers a square footage of 4,703, resulting in a price per unit of $230,769 and a price per square foot of $1,275.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 26
- Square Footage: 4,703
- Price Per Unit: $230,769
- Price Per Square Foot: $1,275
- Buyer: Soly Halabi
- Seller: James Santangelo
- Buyer's Representative: Joshua Malekan - Bridge Advisory Group
- Seller's Representatives: Rene Attias & Ernst Achildiyev - EXP Realty
This transaction was facilitated by Joshua Malekan, who represented the buyer, Soly Halabi, while the seller, James Santangelo, was represented by Rene Attias and Ernst Achildiyev. The deal was concluded on March 2, 2026, highlighting the involvement of these key individuals and their respective agencies in the multifamily property market.
Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93