Oumar Bah Of BAH Realty Group Represents Buyer In $850,000 Brooklyn Multifamily Sale
659 Jerome Street
$850,000
$462/SF
Building Size
1,840 SF
Asset Type
MultiFamily
Closing
Sep 28, 2025
AI
The property involved in this transaction is a multifamily townhouse located at 659 Jerome Street in Brooklyn. The asset was sold for a price of $850,000. It encompasses a total of 1,840 square feet and features two separate apartments. The property has a price per unit of $425,000 and a price per square foot of $461.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $850,000
- Address: 659 Jerome Street
- Market: Brooklyn
- Units: 2
- Square Footage: 1,840
- Price Per Unit: $425,000
- Price Per Square Foot: $461
- Buyer's Representative: Oumar Bah - BAH Realty Group
- Seller's Representative: Malcolm Louis Adams - Compass
Oumar Bah, representing the buyer, facilitated the acquisition, while Malcolm Louis Adams represented the seller in the transaction. The two-family attached red brick townhouse is located in East New York, a neighborhood known for its potential. Additionally, the property includes a semi-finished full-height basement that could be transformed into a one-bedroom apartment, subject to necessary permits.
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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93