Tomkiewicz Family Sells Brooklyn Multifamily For $2.7M With Michael Zats And Peter Matheos As Reps
SOLD
New York
See Similar DealsMultiFamily2,700 SF
Sold 11/25/2025
SOLD
Tomkiewicz Family Sells Brooklyn Multifamily For $2.7M With Michael Zats And Peter Matheos As Reps
290 5th Street
See Similar DealsMultiFamily2,700 SF
Sold 11/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:2,700 SF
Transaction Type:Sale
This multifamily asset, located at 290 5th Street in Brooklyn, was sold for $2,700,000. The property comprises 3 units, with a price per unit of $900,000. It has a total square footage of 2,700, translating to a price per square foot of $1,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 3
- Price Per Unit: $900,000
- Square Footage: 2,700
- Price Per Square Foot: $1,000
- Seller: Tomkiewicz Family
- Buyer's Representative: Peter Matheos - Matheos Realty Group
- Seller's Representative: Michael Zats - Brooklyn Heights Real Estate
- Date of Sale: 11/25/2025
- Market: Brooklyn
Michael Zats from Brooklyn Heights Real Estate and Peter Matheos from Matheos Realty Group played pivotal roles in the transaction, representing the seller and buyer respectively. Their expertise in the Brooklyn market facilitated this successful sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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