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
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93