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207 18th Street

Updated May 12, 2025

Bilt advertisement
Jacob Kassin Of JSAF Capital Holdings Acquires Brooklyn Multifamily Asset For $2.9M
SOLDMultiFamily

Jacob Kassin Of JSAF Capital Holdings Acquires Brooklyn Multifamily Asset For $2.9M

207 18th Street

$2,900,000

$318/SF

Building Size

9,100 SF

Asset Type

MultiFamily

Closing

Apr 23, 2025

About this deal

AI

The property involved in this transaction is a multifamily asset located at 207 18th Street in Brooklyn. The sale price is $2,900,000, and it consists of 8 units. The total square footage of the property is 9,100, resulting in a price per unit of $362,500 and a price per square foot of $318.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 8
  • Square Footage: 9,100
  • Price Per Unit: $362,500
  • Price Per Square Foot: $318
  • Buyer: Jacob Kassin - JSAF Capital Holdings
  • Broker: Matt Fotis - Marcus & Millichap

Jacob Kassin represented JSAF Capital Holdings as the buyer in this transaction. The deal was facilitated by broker Matt Fotis from Marcus & Millichap, who handled the negotiations and details of the sale.

Players

Matt Fotis

Marcus & Millichap

Broker

$621.9M

vol

115 deals

Broker

Jacob Kassin

JSAF Capital Holdings

Buyer

$10.9M

vol

4 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $318 per square foot on a published $2.9M for 9,100 square feet (2025).

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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

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