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
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93