Christian Michael Purchases Multifamily Property In Brooklyn For $3,922,500 From Ramiel Ben-Yehuda
817 8th Avenue
$3,922,500
$703/SF
Building Size
5,576 SF
Asset Type
MultiFamily
Closing
Jun 9, 2026
AI
Christian Michael purchased a multifamily property located at 817 8th Avenue in Brooklyn for $3,922,500. The property spans 5,576 square feet, resulting in a price per square foot of approximately $703.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,922,500
- Address: 817 8th Avenue
- Market: Brooklyn
- Square Footage: 5,576
- Price Per Square Foot: $703
- Buyer: Christian Michael
- Seller: Ramiel Ben-Yehuda - Witnick Real Estate Partners
- Date of Transaction: June 9, 2026
The transaction involved Ramiel Ben-Yehuda representing Witnick Real Estate Partners as the seller in the deal. This successful sale highlights the ongoing activity in Brooklyn's multifamily property market.
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