Morris Meisels Acquires 259 Kosciuszko Street Multifamily In Brooklyn For $1.95M
259 Kosciuszko Street
$1,950,000
$651/SF
Building Size
2,995 SF
Asset Type
MultiFamily
Closing
Sep 18, 2025
AI
The property involved in this transaction is a MultiFamily asset located at 259 Kosciuszko Street in the Brooklyn market. The sale was finalized for $1,950,000, encompassing 4 residential units, which results in a price per unit of $487,500. The total square footage of the property is 2,995, yielding a price per square foot of $651.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,950,000
- Units: 4
- Price Per Unit: $487,500
- Total Square Feet: 2,995
- Price Per Square Foot: $651
- Buyer: Morris Meisels
- Seller: Kfir Markovich & Asaf Sternberg
- Brokers: Matthew Cosentino & Remi Norris - Terra CRG
In this transaction, Morris Meisels purchased the property from sellers Kfir Markovich and Asaf Sternberg. The brokers representing the deal were Matthew Cosentino and Remi Norris from Terra CRG, facilitating the exchange between the involved parties.
Players
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93