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David Chang Acquires Multifamily Property From Nelson Kim In Brooklyn For $2.625M

Property Image
SOLD
$2,625,000
David Chang
Mark Martov
Natalia Harvey

New York

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MultiFamily3,800 SF
Sold 08/28/2025
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Property Image
SOLD

David Chang Acquires Multifamily Property From Nelson Kim In Brooklyn For $2.625M

866 Bushwick Avenue

See Similar Deals
MultiFamily3,800 SF
Sold 08/28/2025
David Chang
Mark Martov
Natalia Harvey
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$690
Total Square Footage:3,800 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 866 Bushwick Avenue in Brooklyn. The sale price was $2,625,000, which translates to $875,000 per unit for its three units. The total square footage of the property is 3,800, resulting in a price per square foot of $690.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,625,000
  • Units: 3
  • Price Per Unit: $875,000
  • Square Footage: 3,800
  • Price Per Square Foot: $690
  • Buyer: David Chang
  • Seller: Nelson Kim
  • Buyer's Representative: David Chang & Natalia Harvey - Compass
  • Seller's Representative: Mark Martov - The Corcoran Group

The transaction involved key individuals such as David Chang and Natalia Harvey representing the buyer, while Mark Martov represented the seller. This collaboration led to the successful transfer of ownership in this multifamily asset.

Players

Mark Martov
The Corcoran Group
Mark Martov
10 deals$39.3M volume
BROKER
David Chang
Compass
David Chang
46 deals$211.7M volume(914) 420-1985
BROKER
Natalia Harvey
Compass
Natalia Harvey
18 deals$63.2M volume(312) 918-3908
BROKER
David Chang
David Chang
46 deals$211.7M volume
BUYER

Details

SOLD
IMAGE: Mark Martov, David Chang & Natalia Harvey DATE: 8/28/2025 ADDRESS: 866 Bushwick Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: David Chang SELLER: Nelson Kim BUYER'S REP: David Chang (@DavidChangNY) & Natalia Harvey (@Nat_alia_NYC) - Compass (@Compass) SELLER'S REP: Mark Martov (@Marks_Tagram) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $2,625,000 UNITS: 3 ~ PPU: $875,000 SF: 3,800 ~ PPSF: $690 NOTE FROM BROKER: If you are looking to sell a townhouse or multifamily, please contact me at [email protected].

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
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