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73 Woodbine Street

Ariel Shalom & Michael Shemesh Sell Multifamily Property At 73 Woodbine Street For $1.995M
SOLDMultiFamily

Ariel Shalom & Michael Shemesh Sell Multifamily Property At 73 Woodbine Street For $1.995M

73 Woodbine Street

$1,995,000

$758/SF

Building Size

2,632 SF

Asset Type

MultiFamily

Closing

Jul 21, 2025

AI

The property located at 73 Woodbine Street in the Bushwick market is a multifamily asset consisting of 2 units. This transaction was completed on 7/22/2025, with a reported sale price of $1,995,000. The building encompasses a total square footage of 2,632, translating to a price per square foot of $757 and a price per unit of $997,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,995,000
  • Units: 2
  • Square Footage: 2,632
  • Price per Unit: $997,500
  • Price per Square Foot: $757
  • Seller: Ariel Shalom & Michael Shemesh
  • Broker: Nick Hovsepian - The Corcoran Group

Ariel Shalom and Michael Shemesh served as the sellers in this transaction, while Nick Hovsepian represented them through The Corcoran Group, facilitating the sale process in the Bushwick market.

Players

Nick Hovsepian

The Corcoran Group

Broker

$67.8M

vol

9 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage
Ariel Shalom

Ariel Shalom

Seller

$30.8M

vol

8 deals

Seller

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

7.95%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93