Updated May 12, 2025
Soonbin Kim Acquires Williamsburg Multifamily For $15.5M
331 Keap Street, Brooklyn, NY 11211, USA
$15,500,000
$713/SF
Building Size
21,740 SF
Asset Type
MultiFamily
Closing
Feb 14, 2019
About this deal
AI
The property asset involved in the transaction is located at 331 Keap St., Williamsburg, BK. This multifamily asset encompasses a total square footage of 21,740 and includes 36 units, with a price per square foot of $713 and a price per unit of $430,555. The sale price for the property was $15,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 331 Keap St.
- Market: Williamsburg, BK
- Square Footage: 21,740
- Price per Square Foot: $713
- Units: 36
- Price per Unit: $430,555
- Seller: @IconRealty
- Buyer: Soonbin Kim
- Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky from @brg_cre
This transaction featured representation from multiple brokers, specifically Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Todd Cohen, who facilitated the sale for the property in question.
Players
New York 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93