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2173 East 3rd Street

Dr. Joseph Wahba Sells Multifamily Property At 2173 East 3rd Street Brooklyn For $6.8M
SOLDMultiFamily

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:

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

Mendel Jacobson

ONE NYC RE

Broker

$6.3M

vol

10 deals

Broker

Dr. Joseph Wahba

Seller

$6.8M

vol

1 deal

Seller

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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93