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

Property Image
SOLD
$2,900,000

New York

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MultiFamily4,000 SF
Sold 01/08/2026
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Property Image
SOLD

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

18 Russell Street

See Similar Deals
MultiFamily4,000 SF
Sold 01/08/2026
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$725
Total Square Footage:4,000 SF
Transaction Type:Sale

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
Jeff Valcourt
6 deals$13.9M volume(917) 244-5321
BROKER

Details

SOLD
IMAGE: Jeff Valcourt DATE: 1/8/2026 ADDRESS: 18 Russell Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Lam Kei SELLER: Uszynski Family SELLER'S REP: Jeff Valcourt (@JeffValcourt) - Compass (@Compass) SALE PRICE: $2,900,000 UNITS: 4 ~ PPU: $725,000 SF: 4,000 ~ PPSF: $725 NOTE FROM SELLER'S REP: The Valcourt Advisory is pleased to announce the sale of 14–18 Russell Street, a 4-unit, 4,000 square foot multifamily property in Greenpoint, offering 56 feet of frontage and two garages.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
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