Updated Feb 10, 2025
Ariel Shalom Michael Shemesh And Elizabeth Borovinsky Sell Brooklyn Multifamily For $2.1 Million
221 Weirfield Street
$2,100,000
$777/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Jan 17, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 221 Weirfield Street in Brooklyn. It was sold for a total of $2,100,000, which translates to a price per unit of $1,050,000. The building encompasses a total square footage of 2,700, yielding a price per square foot of $777.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 2
- Square Footage: 2,700
- Price per Unit: $1,050,000
- Price per Square Foot: $777
- Seller: Ariel Shalom, Michael Shemesh & Elizabeth Borovinsky
- Broker: Nick Hovsepian - The Corcoran Group
The transaction featured prominent participants, including sellers Ariel Shalom, Michael Shemesh, and Elizabeth Borovinsky, who collectively represented the ownership of the property. Nick Hovsepian of The Corcoran Group acted as the broker in this transaction, facilitating the sale process for the sellers.
On the Map
$2,100,000
$777/SF
MultiFamily
View full map
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Hovsepian to view all their deals.
Browse Brooklyn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93