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1250 Halsey Street

David Lee Purchases MultiFamily Property At 1250 Halsey Street Brooklyn For $2.25M With Rep David Chang & Natalia Harvey
SOLDMultiFamily

David Lee Purchases MultiFamily Property At 1250 Halsey Street Brooklyn For $2.25M With Rep David Chang & Natalia Harvey

1250 Halsey Street

$2,250,000

$789/SF

Building Size

2,850 SF

Asset Type

MultiFamily

Closing

Sep 27, 2025

AI

The asset involved in this transaction is a MultiFamily property located at 1250 Halsey Street in Brooklyn, featuring three units and spanning 2,850 square feet. The sale price was $2,250,000, resulting in a price per unit of $750,000 and a price per square foot of $789.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,250,000
  • Units: 3
  • Square Footage: 2,850
  • Price Per Unit: $750,000
  • Price Per Square Foot: $789
  • Buyer: David Lee
  • Seller: Andy Kim
  • Buyer's Representative: David Chang & Natalia Harvey - Compass
  • Seller's Representative: Mark Martov - The Corcoran Group

David Chang and Natalia Harvey represented the buyer, David Lee, while Mark Martov acted on behalf of the seller, Andy Kim, ensuring the smooth execution of the transaction. The involvement of these professionals showcases their commitment to facilitating successful property deals in the market.

Players

Mark Martov

The Corcoran Group

Broker

$39.3M

vol

10 deals

Broker
Andy Kim

Andy Kim

Seller

$2.3M

vol

3 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93