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246 Washington Avenue

Todd Rose Acquires Multifamily Property From Robert Troch In Brooklyn For $3.75M
SOLDMultiFamily

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:

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

Jason Abrishami

Douglas Elliman

Broker

$13.3M

vol

6 deals

Broker

Todd Rose

Buyer

$11.4M

vol

3 deals

Buyer

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