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138 Noble Street

A Multifamily Asset Sold In Brooklyn For $5.625M
SOLDMultiFamily

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

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Compass
CompassBrokerage

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