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331 Keap Street, Brooklyn, ...

Updated May 12, 2025

Soonbin Kim Acquires Williamsburg Multifamily For $15.5M
SOLDMultiFamily

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:

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

319 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$400.2M

vol

105 deals

Broker
Icon Realty Management
Icon Realty ManagementSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $713 per square foot on a published $15.5M for 21,740 square feet (2019).

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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

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