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Bogdan Siedlecki Sells Multifamily Property At 191 Calyer Street Brooklyn For $2.1M

Property Image
SOLD
$2,100,000

New York

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MultiFamily4,125 SF
Sold 07/17/2025
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Property Image
SOLD

Bogdan Siedlecki Sells Multifamily Property At 191 Calyer Street Brooklyn For $2.1M

191 Calyer Street

See Similar Deals
MultiFamily4,125 SF
Sold 07/17/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$509
Total Square Footage:4,125 SF
Transaction Type:Sale

The property involved in the transaction is a rent stabilized multifamily asset located at 191 Calyer Street in Brooklyn. The sale price was $2,100,000 for a total of 4,125 square feet across 6 units, resulting in a per unit price of $350,000 and a price per square foot of $509. Three units were delivered vacant at closing, contributing to the asset’s market appeal.

Summary of transaction details:

This sale set a T12 price record in Greenpoint for rent stabilized 6-families, achieving 98% of the asking price. The brokers involved in the deal were Nick Kolbus, Dylan Walsh, and Jonathan Squires from Cushman & Wakefield, representing the seller throughout the transaction.

Players

Jonathan Squires
93 deals$712.3M volume(917) 445-0022
BROKER

Dylan Walsh
Cushman & Wakefield
72 deals$582.7M volume(917) 887-5441
BROKER

Nick Kolbus
Cushman & Wakefield
34 deals$145.2M volume(718) 275-5472
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Dylan Walsh, Jonathan Squires & Nick Kolbus DATE: 7/17/2025 ADDRESS: 191 Calyer Street MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Bogdan Siedlecki BROKERS: Nick Kolbus (@Nkolbus_CRE), Dylan Walsh (@DylWalCRE) & Jonathan Squires - Cushman & Wakefield (@CushWake) SALE PRICE: $2,100,000 UNITS: 6 ~ PPU: $350,000 SF: 4,125 ~ PPSF: $509 NOTE FROM BROKER: The subject property is a rent stabilized 6-family with three units delivered vacant at closing. This sale set a T12 price record in Greenpoint for Rent Stabilized 6-families and sold for 98% of asking price.

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86