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Jonathan Lipkin Sells Brooklyn Multifamily For $2.7M With Brokers Jakub Nowak & Jesse Kay

Property Image
SOLD
$2,700,000
Jesse Kay
Jakub Nowak

New York

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MultiFamily5,000 SF
Sold 09/30/2022
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Property Image
SOLD

Jonathan Lipkin Sells Brooklyn Multifamily For $2.7M With Brokers Jakub Nowak & Jesse Kay

691 Union Street

See Similar Deals
MultiFamily5,000 SF
Sold 09/30/2022
Jesse Kay
Jakub Nowak
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$540
Total Square Footage:5,000 SF
Transaction Type:Sale

The multifamily property located at 691 Union Street in Brooklyn has been sold for a total price of $2,700,000. The asset spans a total of 5,000 square feet, resulting in a price per square foot of $540.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Address: 691 Union Street, Brooklyn
  • Market: Brooklyn

The seller of the property is Jonathan Lipkin. The sale was facilitated by brokers Jakub Nowak and Jesse Kay from The Nowak Group, who represent Marcus & Millichap. For inquiries or assistance in selling your own commercial property, you may contact Jakub Nowak at 718-475-4353 or Jesse Kay at 718-475-4321.

Players

Jesse Kay
Marcus & Millichap
Jesse Kay
28 deals$114.1M volume(718) 475-4321
BROKER
Jakub Nowak
Marcus & Millichap
Jakub Nowak
87 deals$471.9M volume
BROKER

Details

SOLD
IMAGE: Jakub Nowak & Jesse Kay DATE: 09/30/2022 ADDRESS: 691 Union Street MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Jonathan Lipkin BROKERS: Jakub Nowak (@Jakub_H_Nowak) & Jesse Kay (@Bk.By.Kay) (The Nowak Group) (@The_Nowak_Group) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $2,700,000 SF: 5,000 ~ PPSF: $540 NOTE FROM @The_Nowak_Group: To speak with one of our experts versed in the unique challenges involved in the sale of your commercial property, please give us a call. Jakub Nowak – 718-475-4353, Jesse Kay – 718-475-4321.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53