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272 77th Street

Robert & Bonnie Ginsberg Acquire Multifamily Property In Brooklyn For $1,960,000 With Re/Max Representatives
SOLDMultiFamily

Robert & Bonnie Ginsberg Acquire Multifamily Property In Brooklyn For $1,960,000 With Re/Max Representatives

272 77th Street

$1,960,000

$908/SF

Building Size

2,158 SF

Asset Type

MultiFamily

Closing

Mar 9, 2026

AI

The property involved in this transaction is a multifamily asset located at 272 77th Street in Brooklyn. It consists of 3 units and covers a total square footage of 2,158. The sale price of the property was $1,960,000, resulting in a price per unit of $653,333 and a price per square foot of $908.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,960,000
  • Units: 3
  • Square Footage: 2,158
  • Price Per Unit: $653,333
  • Price Per Square Foot: $908
  • Buyer: Robert & Bonnie Ginsberg
  • Seller: Biwei Li & Tianyu Li
  • Buyer's Representative: Billy Apter - Re/Max
  • Seller's Representative: Vito Angelo - Re/Max

This transaction involved Robert and Bonnie Ginsberg as the buyers, while Biwei Li and Tianyu Li acted as the sellers. The deal was facilitated by representatives from Re/Max, with Billy Apter representing the buyers and Vito Angelo representing the sellers. A note from the seller's representative emphasized their status as top producing agents and encouraged homeowners to explore the potential value of their properties.

Players

Vito Angelo

Re/Max

Broker

$79M

vol

39 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

8.09%

Cash-on-Cash

-2.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93