Mendel Schwartz Purchases Multifamily Property From Dibella Family In Brooklyn For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMultiFamily5,600 SF
Sold 10/20/2025
SOLD
Mendel Schwartz Purchases Multifamily Property From Dibella Family In Brooklyn For $2.2M
148 Conselyea Street
See Similar DealsMultiFamily5,600 SF
Sold 10/20/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$392
Total Square Footage:5,600 SF
Transaction Type:Sale
The multifamily asset located at 148 Conselyea Street in Brooklyn was sold for $2,200,000. The property consists of 5 units with a total square footage of 5,600, resulting in a price per unit of $440,000 and a price per square foot of $392.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 5
- Square Footage: 5,600
- Price Per Unit: $440,000
- Price Per Square Foot: $392
- Buyer: Mendel Schwartz
- Seller: Dibella Family
- Broker: Josh Farshad
Josh Farshad represented the broker in this transaction. Park View, under his ownership, has successfully closed over $18M in deals within the past year, emphasizing their efficient and discreet process in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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