Bei Chin Purchases Multifamily Property At 183 South 2nd Street Brooklyn For $2.8M
183 South 2nd Street
$2,800,000
$795/SF
Building Size
3,520 SF
Asset Type
MultiFamily
Closing
Jun 25, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 183 South 2nd Street in Brooklyn. The sale price was $2,800,000 for a total of 4 units, resulting in a price per unit of $700,000. The building encompasses a total square footage of 3,520 with a price per square foot of $795.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 183 South 2nd Street
- Market: Brooklyn
- Units: 4
- Price Per Unit: $700,000
- Square Footage: 3,520
- Price Per Square Foot: $795
- Buyer: Bei Chin
- Seller: Abe Heby
- Brokers: Yosef Katz, Erik Yankelovich, Shlomo Antebi & Elli Khafizov - Atlas Realty Group
The key individuals involved in this transaction include the buyer, Bei Chin, and the seller, Abe Heby. The transaction was facilitated by brokers Yosef Katz, Erik Yankelovich, Shlomo Antebi, and Elli Khafizov, all representing Atlas Realty Group in this deal.
Players
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93