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
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