Todd Rose Acquires Multifamily Property From Robert Troch In Brooklyn For $3.75M
246 Washington Avenue
$3,750,000
$789/SF
Building Size
4,750 SF
Asset Type
MultiFamily
Closing
Mar 4, 2025
AI
The multifamily asset located at 246 Washington Avenue, Brooklyn, was sold for $3,750,000. This property includes a total of 5 units with a price per unit of $750,000. The overall square footage of the property is 4,750, resulting in a price per square foot of $789.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Buyer: Todd Rose
- Seller: Robert Troch
- Brokers: Jerry Minsky & Jason Abrishami - Douglas Elliman
- Units: 5
- SF: 4,750
- PPU: $750,000
- PPSF: $789
The brokers for this transaction are Jerry Minsky and Jason Abrishami from Douglas Elliman, who bring a collective experience of 46 years to the table. They have achieved over $38.5 million in contracts and closings last year, and have already secured $12 million in signed contracts in the first quarter of 2025, reflecting their strategic market approach.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93