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230 South 2nd Street

Zhi Xiang Purchases Multifamily Property From Juan Correa In Brooklyn For $2.3M
SOLDMultiFamily

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

Roy Oskar

Bridge Advisory Group

Broker

$37.7M

vol

10 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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