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
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