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237 Withers Street

Kunal Patnaik Acquires Multifamily Property From The Estate Of John Carlo For $1.86M
SOLDMultiFamily

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

Theo Eastwind

Capri Jet Realty

Broker

$42.1M

vol

13 deals

Broker
Capri Jet Realty
Capri Jet RealtyBrokerage

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

8.53%

Cash-on-Cash

-2.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93