Updated Oct 13, 2026
Partners Path Acquires Multifamily Property In Brooklyn For $5.08M
277 Humboldt Street
$5,075,000
$747/SF
Building Size
6,790 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
The multifamily property located at 277 Humboldt Street in Brooklyn has been sold in a closed transaction. The property spans approximately 6,800 square feet and has 8 units. The sale price for the property was $5,075,000, resulting in an average price per square foot of $747, and a per unit price of $634,375.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,075,000
- Address: 277 Humboldt Street, Brooklyn
- Market: Brooklyn
Partners Path, represented by Michael Kalt, Alex Lebowitz, and Billy Haddad, acquired the property. The sellers were Eden Ashourzadeh and Alex Kahen. The transaction was facilitated by brokers Matthew Cosentino and Remi Norris from Terra CRG.
On the Map
$5,075,000
$747/SF
MultiFamily
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Players
Market 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
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93