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A Multifamily Asset Sold In Brooklyn For $5.625M

Property Image
SOLD
$5,625,000

New York

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MultiFamily4,471 SF
Sold 08/19/2025
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Property Image
SOLD

A Multifamily Asset Sold In Brooklyn For $5.625M

138 Noble Street

See Similar Deals
MultiFamily4,471 SF
Sold 08/19/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,258
Total Square Footage:4,471 SF
Transaction Type:Sale

The property sold is a multifamily asset located at 138 Noble Street in Brooklyn. The transaction was completed for a total sale price of $5,625,000, which reflects a price per unit of $1,406,250. The total square footage of the property is 4,471, resulting in a price per square foot of $1,258.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,625,000
  • Number of Units: 4
  • Square Footage: 4,471
  • Price Per Unit: $1,406,250
  • Price Per Square Foot: $1,258
  • Seller: Nelson Kim
  • Brothers: David Chang & Natalia Harvey - Compass

This transaction highlights the involvement of David Chang and Natalia Harvey, who represented the seller, Nelson Kim, in the sale process. Their brokerage, Compass, facilitated the deal, ensuring the successful transfer of ownership for the multifamily property.

Players

David Chang
46 deals$211.7M volume(914) 420-1985
BROKER

Natalia Harvey
Compass
18 deals$63.2M volume(312) 918-3908
BROKER

Compass
BROKERAGE

Details

SOLD
IMAGE: David Chang & Natalia Harvey DATE: 8/20/2025 ADDRESS: 138 Noble Street MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Nelson Kim BROKERS: David Chang (@DavidChangNY) & Natalia Harvey (@Nat_Alia_NYC) - Compass (@Compass) SALE PRICE: $5,625,000 UNITS: 4 ~ PPU: $1,406,250 SF: 4,471 ~ PPSF: $1,258 NOTE FROM BROKER: If you are looking to sell a townhouse or multifamily, please contact me at [email protected].

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

$300,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,984.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,665.37
Annual Debt Service$319,984.44