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55 Withers Street

Lupo Family Sells Multifamily Property In Williamsburg Brooklyn For $2.5 Million With Brokers Kates And Mashihi
SOLDMultiFamily

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

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker
Block Real Estate Group
Block Real Estate GroupBrokerage

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93