Lupo Family Sells Multifamily Property In Williamsburg Brooklyn For $2.5 Million With Brokers Kates And Mashihi
55 Withers Street
$2,500,000
$740/SF
Building Size
3,376 SF
Asset Type
MultiFamily
Closing
Oct 27, 2025
AI
The asset involved in this transaction is a multifamily property located at 55 Withers Street in Williamsburg, Brooklyn. The sale was completed for a price of $2,500,000, which equates to $500,000 per unit. The property consists of 5 units and has a total square footage of 3,376, leading to a price per square foot of $740.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 5
- Price Per Unit: $500,000
- Square Footage: 3,376
- Price Per Square Foot: $740
- Seller: Lupo Family
- Brokers: Gabriel Kates & Sean Mashihi - Block Real Estate Group
- Date of Transaction: 10/28/2025
- Market: Williamsburg, Brooklyn
Gabriel Kates and Sean Mashihi from Block Real Estate Group represented the sellers in this transaction, facilitating the sale of the multifamily property. Their involvement was crucial in navigating the deal from initial listing to final sale.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93