Updated Dec 4, 2024
Weiss Family Purchases Multifamily Asset From Aron Taub In Brooklyn For $2.375M
139 South 8th Street
$2,375,000
$377/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
Aug 1, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 139 South 8th Street in Brooklyn. The sale price was $2,375,000, and the property encompasses 6,300 square feet, resulting in a price per square foot of $376.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,375,000
- Address: 139 South 8th Street
- Market: Brooklyn
- Square Footage: 6,300
- Price per Square Foot: $376
- Buyer: Weiss Family
- Seller: Aron Taub
- Broker: Harry Bouzaglou - Tri State Commercial Realty
This transaction was facilitated by broker Harry Bouzaglou, representing the interests of the seller, Aron Taub, as part of the deal with the buyer, the Weiss Family.
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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93