A Multifamily Asset Sold In Brooklyn For $5.625M
138 Noble Street
$5,625,000
$1,258/SF
Building Size
4,471 SF
Asset Type
MultiFamily
Closing
Aug 19, 2025
AI
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
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
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93