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
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93