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259 Kosciuszko Street

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

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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

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