James Grasso Of Cohabs Purchases Multifamily Property From The Roman Catholic Church For $3.815M
225 Brooklyn Avenue
$3,750,000
$327/SF
Building Size
11,460 SF
Asset Type
MultiFamily
Closing
Sep 24, 2025
AI
The property involved in this transaction is a multifamily asset located at 225 Brooklyn Avenue in Brooklyn. The sale price was $3,815,000, with a total square footage of 11,460 and a price per square foot of $333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,815,000
- Address: 225 Brooklyn Avenue
- Market: Brooklyn
- Square Footage: 11,460
- Price per Square Foot: $333
- Buyer: James Grasso - Cohabs
- Seller: The Roman Catholic Church - Reverend Frank Black
- Buyer's Representative: Zalman Yarmush - Yarmush Investment Group
The key participants in this transaction include the buyer James Grasso, representing Cohabs, and the seller Reverend Frank Black of The Roman Catholic Church. The buyer's representative in the deal is Zalman Yarmush from Yarmush Investment Group, who facilitated the transaction.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93