Dr. Joseph Wahba Sells Multifamily Property At 2173 East 3rd Street Brooklyn For $6.8M
2173 East 3rd Street
$6,800,000
$1,285/SF
Building Size
5,290 SF
Asset Type
MultiFamily
Closing
Jul 28, 2026
AI
The property asset involved in the transaction is a multifamily building located at 2173 East 3rd Street, Brooklyn. The sale price for the asset was $6,800,000, and the total square footage is 5,290, which results in a price per square foot of $1,285.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,800,000
- Address: 2173 East 3rd Street
- Market: Brooklyn
- Square Footage: 5,290
- Price Per Square Foot: $1,285
- Seller: Dr. Joseph Wahba
- Brokers: Mendel Jacobson, Michael Wahba & Celia Rawas -ONE NYC RE
The key individuals involved in this deal include the seller, Dr. Joseph Wahba, and the brokerage team from ONE NYC RE, which comprises Mendel Jacobson, Michael Wahba, and Celia Rawas. Their roles in facilitating the transaction contribute to the successful execution of this sale in the Brooklyn market.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93