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.
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