Updated Sep 12, 2025
Remy Raisner Acquires Multifamily Property From Cohen Family In Brooklyn For $1.658M
565 Chauncey Street
$1,658,000
$629/SF
Building Size
2,633 SF
Asset Type
MultiFamily
Closing
Jun 23, 2025
About this deal
AI
The property involved in this transaction is a multifamily brownstone located at 565 Chauncey Street in the Brooklyn market. This partially occupied free-market 3-family property offers a total square footage of 2,633. The sale was completed for a price of $1,658,000, resulting in a price per unit of $552,666 and a price per square foot of $629.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,658,000
- Units: 3
- Square Feet: 2,633
- Price Per Unit: $552,666
- Price Per Square Foot: $629
- Buyer: Remy Raisner
- Seller: Cohen Family
- Broker: DJ Johnston - Matthews Real Estate Investment Services
- Cap Rate: 6%
This transaction features Remy Raisner as the buyer and the Cohen Family as the seller. The deal was facilitated by DJ Johnston from Matthews Real Estate Investment Services, who played a crucial role in representing the sale of this brownstone property situated in Ocean Hill, Brooklyn. The property was sold to an active family office as noted by the broker.
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
9.57%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93