Zhi Xiang Purchases Multifamily Property From Juan Correa In Brooklyn For $2.3M
230 South 2nd Street
$2,300,026
$1,045/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Dec 17, 2025
AI
A two-family property located at 230 South 2nd Street in Brooklyn has been sold. The sale price for the asset was $2,300,026, with a total of 2 units. The property spans 2,200 square feet and has a price per square foot of $1,045. The asset was delivered vacant within a 30-day closing period.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,026
- Units: 2
- Price Per Unit: $1,150,013
- Square Footage: 2,200
- Price Per Square Foot: $1,045
- Buyer: Zhi Xiang
- Seller: Juan Correa
- Broker Representatives: Joshua Malekan & Roy Oskar - Bridge Advisory Group
- Date of Transaction: 12/18/2025
- Market: Brooklyn
Bridge Advisory Group facilitated the successful closing of this transaction, reflecting a focused and efficient sales process in the competitive Williamsburg market. The property was showcased as a two-family asset, providing opportunities for potential buyers in the area.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93