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342 Wallabout Street

Dvash Lefy Acquires MultiFamily Asset From Simon Dushinsky For $5.5M In Williamsburg
SOLDMultiFamily

Dvash Lefy Acquires MultiFamily Asset From Simon Dushinsky For $5.5M In Williamsburg

342 Wallabout Street

$5,500,000

$977/SF

Building Size

5,626 SF

Asset Type

MultiFamily

Closing

May 6, 2025

AI

A multi-family asset located at 342 Wallabout Street in Williamsburg, Brooklyn, was sold for $5,500,000. The property totals 5,626 square feet, resulting in a price per square foot of $978.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,500,000
  • Address: 342 Wallabout Street
  • Market: Williamsburg, Brooklyn
  • Square Footage: 5,626
  • Price Per Square Foot: $978
  • Buyer: Dvash Lefy
  • Seller: Simon Dushinsky - Rabsky Group

The transaction involved Dvash Lefy LLC acquiring the property from Rabsky Group’s Wallabout Realty Corp. This deal highlights the participation of Simon Dushinsky as the seller representative for Rabsky Group.

Players

Simon Dushinsky

Rabsky Group

Seller

$1.6B

vol

18 deals

Seller

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93