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
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