facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

18 Russell Street

Lam Kei Acquires Multifamily Property At 18 Russell Street Brooklyn From Uszynski Family For $2.9M
SOLDMultiFamily

Lam Kei Acquires Multifamily Property At 18 Russell Street Brooklyn From Uszynski Family For $2.9M

18 Russell Street

$2,900,000

$725/SF

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

Jan 7, 2026

AI

This multifamily property is located at 18 Russell Street in Brooklyn, encompassing 4 units with a total square footage of 4,000. The sale price for this property was $2,900,000, yielding a price per unit of $725,000 and a price per square foot of $725.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Buyer: Lam Kei
  • Seller: Uszynski Family
  • Seller's Representative: Jeff Valcourt - Compass
  • Units: 4
  • Square Feet: 4,000
  • Price Per Unit: $725,000
  • Price Per Square Foot: $725

Jeff Valcourt from Compass represented the seller, the Uszynski Family, in this transaction. The property features 56 feet of frontage and includes two garages, highlighting its potential for multifamily residential use in the Greenpoint area.

Players

Jeff Valcourt

Compass

Broker

$13.9M

vol

6 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93