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Frieden Family Acquires Multifamily Asset From Grasso Family In Bushwick For $1,000,000

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SOLD
$1,000,000

New York

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MultiFamily8,060 SF
Sold 05/28/2026
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SOLD

Frieden Family Acquires Multifamily Asset From Grasso Family In Bushwick For $1,000,000

1557 Dekalb Avenue

See Similar Deals
MultiFamily8,060 SF
Sold 05/28/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:8,060 SF
Transaction Type:Sale

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.

Players

Justin Zeitchik
50 deals$254.9M volume(718) 360-8827
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

Details

SOLD
IMAGE: Steve Reynolds & Justin Zeitchik DATE: 5/28/2026 ADDRESS: 1557 Dekalb Avenue MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BUYER: Frieden Family SELLER: Grasso Family BROKERS: Steve Reynolds (@SteveReynoldsNYC) & Justin Zeitchik (@Jigga1216) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $1,000,000 UNITS: 8 ~ PPU: $125,000 SF: 8,060 ~ PPSF: $124

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
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