Updated Sep 22, 2026
Witnick Real Estate Partners Sells Multifamily Property At 817 8th Avenue In Brooklyn For $3,925,000
817 8th Avenue
$3,925,000
$703/SF
Building Size
5,576 SF
Asset Type
MultiFamily
Closing
Jun 12, 2026
About this deal
AI
The property asset involved in the transaction is a MultiFamily located at 817 8th Avenue in Brooklyn. The transaction was completed at a sale price of $3,925,000, encompassing a total area of 5,576 square feet, resulting in a price per square foot of approximately $703.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,925,000
- Address: 817 8th Avenue
- Market: Brooklyn
- Square Footage: 5,576
- Price Per Square Foot: $703
- Seller: Witnick Real Estate Partners
- Broker: Lev Mavashev - Alpha Realty
The key individuals involved in this transaction include Lev Mavashev, who represented the seller, Witnick Real Estate Partners, as the broker in this deal.
On the Map
$3,925,000
$703/SF
MultiFamily
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Players
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93