Kunal Patnaik Acquires Multifamily Property From The Estate Of John Carlo For $1.86M
237 Withers Street
$1,860,000
$1,367/SF
Building Size
1,360 SF
Asset Type
MultiFamily
Closing
Jul 23, 2025
AI
The property asset involved in this transaction is a multifamily building located at 237 Withers Street in Brooklyn. The sale price was $1,860,000, which breaks down to a price per unit of $930,000. The total square footage of the property is 1,360, resulting in a price per square foot of $1,367.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,860,000
- Buyer: Kunal Patnaik
- Seller: The Estate of John Carlo
- Broker: Theo Eastwind - Capri Jet Realty
- Units: 2
- Square Feet: 1,360
- Price Per Unit: $930,000
- Price Per Square Foot: $1,367
This transaction involved Kunal Patnaik as the buyer and The Estate of John Carlo as the seller, facilitated by the brokerage of Theo Eastwind from Capri Jet Realty, representing the interests in the deal.
Players
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
8.53%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93