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
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93