Updated Jun 9, 2026
Frieden Family Acquires Multifamily Asset From Grasso Family In Bushwick For $1,000,000
1557 Dekalb Avenue
$1,000,000
$124/SF
Building Size
8,060 SF
Asset Type
MultiFamily
Closing
May 27, 2026
About this deal
AI
The multifamily property located at 1557 Dekalb Avenue in Bushwick, Brooklyn has been sold for $1,000,000. The asset comprises 8 units, with a price per unit of $125,000. The property spans a total square footage of 8,060, resulting in a price per square foot of $124.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 8
- Price Per Unit: $125,000
- Total Square Footage: 8,060
- Price Per Square Foot: $124
- Buyer: Frieden Family
- Seller: Grasso Family
- Broker Representatives: Steve Reynolds & Justin Zeitchik - Investment Property Realty Group
The transaction involved the Frieden Family as the buyer and the Grasso Family as the seller. The deal was facilitated by the brokers Steve Reynolds and Justin Zeitchik from Investment Property Realty Group, who represented the transaction.
On the Map
$1,000,000
$124/SF
MultiFamily
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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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93