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290 5th Street

Tomkiewicz Family Sells Brooklyn Multifamily For $2.7M With Michael Zats And Peter Matheos As Reps
SOLDMultiFamily

Tomkiewicz Family Sells Brooklyn Multifamily For $2.7M With Michael Zats And Peter Matheos As Reps

290 5th Street

$2,700,000

$1,000/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Nov 24, 2025

AI

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.

Players

Peter Matheos

Matheos Realty Group

Broker

$69.2M

vol

21 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93