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319 Chauncey Street

Epstein Family Purchases Multifamily Property From Jake Soodek And Igor Vaysberg For $1.05M
SOLDMultiFamily

Epstein Family Purchases Multifamily Property From Jake Soodek And Igor Vaysberg For $1.05M

319 Chauncey Street

$1,050,000

$202/SF

Building Size

5,175 SF

Asset Type

MultiFamily

Closing

Jun 30, 2025

AI

The property asset involved in the transaction is a multifamily building located at 319 Chauncey Street in Brooklyn. The sale price for the property was $1,050,000, encompassing 6 units with a price per unit of $175,000. The total square footage of the asset is 5,175, resulting in a price per square foot of $202.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 6
  • Price Per Unit: $175,000
  • Total Square Footage: 5,175
  • Price Per Square Foot: $202
  • Buyer: Epstein Family
  • Seller: Jake Soodek & Igor Vaysberg - Hirshmark Capital
  • Broker: Joe Brikman - Brooklyn Blocks Real Estate

The property is fully rent stabilized, indicating that tenant rent amounts are regulated by government guidelines. Joe Brikman represents Brooklyn Blocks Real Estate in this transaction, facilitating the sale between the Epstein Family and Hirshmark Capital.

Players

Joe Brikman

Brooklyn Blocks Real Estate

Broker

$22.5M

vol

7 deals

Broker
Brooklyn Blocks Real Estate
Brooklyn Blocks Real EstateBrokerage
Hirshmark Capital
Hirshmark CapitalSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93