Updated Mar 4, 2026
Hussein Mussen Acquires Multifamily Property In Kensington, Brooklyn For $7.9M
701 Avenue C, Brooklyn, New York 11218, United States
$7,925,000
$188/SF
Building Size
42,000 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
Located at 701 Avenue C in Kensington, Brooklyn, this multifamily property was recently sold in a closed transaction. The deal was facilitated by Westwood Realty Associates, with brokers Phil Goldstein and Steven Vegh representing the buyer and seller.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $7,925,000
- Units: 47
- Price Per Unit: $168,617
- Square Footage: 42,000
- Price Per Square Foot: $188
Hussein Mussen is the buyer of this multifamily property. With a total of 47 units, each unit has a price per unit of $168,617. The property spans across 42,000 square feet, and the price per square foot is $188.
Players
New York 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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93