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659 Jerome Street

Oumar Bah Of BAH Realty Group Represents Buyer In $850,000 Brooklyn Multifamily Sale
SOLDMultiFamily

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

Malcolm Louis Adams

Compass

Broker

$27.9M

vol

15 deals

Broker
Compass
CompassBrokerage

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