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667 Fifth Avenue

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

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

667 Fifth Avenue

$2,250,000

$608/SF

Building Size

3,700 SF

Asset Type

MultiFamily

Closing

Aug 20, 2025

AI

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

Marcus & Millichap

Broker

$262.2M

vol

38 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93