Updated May 12, 2025
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
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