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220 Union Street

Omri Bar-Mashiah Of Minerva Development Purchases Multifamily Asset In Carroll Gardens For $4.2M
SOLDMultiFamily

Omri Bar-Mashiah Of Minerva Development Purchases Multifamily Asset In Carroll Gardens For $4.2M

220 Union Street

$4,200,000

$1,272/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Feb 17, 2026

AI

The asset involved in this transaction is a four-unit multifamily property located at 220 Union Street in Carroll Gardens, Brooklyn. The property was acquired for a total sale price of $4,200,000, translating to a price per unit of $1,050,000. The building encompasses a total of 3,300 square feet, resulting in a price per square foot of $1,273.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Units: 4
  • Price Per Unit: $1,050,000
  • Total Square Footage: 3,300
  • Price Per Square Foot: $1,273
  • Buyer: Omri Bar-Mashiah
  • Buyer's Company: Minerva Development
  • Seller: Antoinette Birli
  • Annual Revenue: $136,290
  • Closing Date: February 27, 2026

Omri Bar-Mashiah represented Minerva Development in the transaction, securing the four-unit property through 220 Union LLC. Antoinette Birli, the seller, had not engaged in recent property transactions prior to this sale.

Players

Minerva Development
Minerva DevelopmentBuyer

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93