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220 Union Street

Updated Mar 10, 2026

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

About this deal

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.

On the Map

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$4,200,000

$1,272/SF

MultiFamily

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Players

Minerva Development
Minerva DevelopmentBuyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.2M for 3,300 square feet (2026).

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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

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