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Morris Meisels Acquires 259 Kosciuszko Street Multifamily In Brooklyn For $1.95M

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SOLD
$1,950,000

New York

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MultiFamily2,995 SF
Sold 09/19/2025
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Property Image
SOLD

Morris Meisels Acquires 259 Kosciuszko Street Multifamily In Brooklyn For $1.95M

259 Kosciuszko Street

See Similar Deals
MultiFamily2,995 SF
Sold 09/19/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$651
Total Square Footage:2,995 SF
Transaction Type:Sale

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

Matthew (Matt) Cosentino
81 deals$319M volume
BROKER

Remi Norris
Terra CRG
45 deals$138.4M volume(646) 427-2290
BROKER

Details

SOLD
IMAGE: Matthew Cosentino & Remi Norris DATE: 9/19/2025 ADDRESS: 259 Kosciuszko Street MARKET: Brooklyn ASSET TYPE: MultiFamily BUYER: Morris Meisels SELLER: Kfir Markovich & Asaf Sternberg BROKERS: Matthew Cosentino & Remi Norris (@RemiCRE) - Terra CRG (@TerraCRG) SALE PRICE: $1,950,000 UNITS: 4 ~ PPU: $487,500 SF: 2,995 ~ PPSF: $651

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94