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JSAF Capital's Jacob Kassin Acquires Multifamily Property From Adam Semler In Brooklyn For $2.225M

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SOLD
$2,250,000

New York

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MultiFamily3,700 SF
Sold 08/21/2025
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Property Image
SOLD

JSAF Capital's Jacob Kassin Acquires Multifamily Property From Adam Semler In Brooklyn For $2.225M

667 Fifth Avenue

See Similar Deals
MultiFamily3,700 SF
Sold 08/21/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:3,700 SF
Transaction Type:Sale

The multifamily asset located at 667 Fifth Avenue in Brooklyn features 3 units, encompassing a total square footage of 3,700 and a price per unit of $741,667. The property was sold for $2,225,000, resulting in a price per square foot of $601.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,225,000
  • Units: 3
  • Square Footage: 3,700
  • Price Per Unit: $741,667
  • Price Per Square Foot: $601
  • Buyer: JSAF Capital - Jacob Kassin
  • Seller: Adam Semler
  • Broker Representatives: Shaun Riney & Mark Zarrella - Marcus & Millichap
  • Date of Sale: 8/21/2025

The transaction involved key players such as Jacob Kassin representing JSAF Capital as the buyer, while Adam Semler acted as the seller. Brokers Shaun Riney and Mark Zarrella from Marcus & Millichap facilitated the deal, contributing to the successful transaction of this multifamily property.

Players

Mark Zarrella
38 deals$262.2M volume(718) 475-4376
BROKER

Shaun Riney
Marcus & Millichap
357 deals$1.8B volume(718) 475-4369
BROKER

Details

SOLD
IMAGE: Jacob Kassin, Shaun Riney & Mark Zarrella DATE: 8/21/2025 ADDRESS: 667 Fifth Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: JSAF Capital - Jacob Kassin SELLER: Adam Semler BROKERS: Shaun Riney (@ShaunRiney1) & Mark Zarrella (@MarkZarrella) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,225,000 UNITS: 3 ~ PPU: $741,667 SF: 3,700 ~ PPSF: $601

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77