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96 South 9th Street

Thomas Leung Purchases Multifamily Property At 96 South 9th Street For $6.1 Million
SOLDMultiFamily

Thomas Leung Purchases Multifamily Property At 96 South 9th Street For $6.1 Million

96 South 9th Street

$6,100,000

$726/SF

Building Size

8,400 SF

Asset Type

MultiFamily

Closing

Oct 16, 2025

AI

The property involved in this transaction is a multifamily asset located at 96 South 9th Street in Brooklyn. The sale price for the property was $6,100,000, encompassing a total square footage of 8,400, which translates to a price per square foot of $726.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,100,000
  • Sale Date: 10/17/2025
  • Buyer: Thomas Leung
  • Seller: Michael Weitzman
  • Brokers: Shaun Riney, Michael (Mike) Salvatico & Andrew Bronsteen - Marcus & Millichap

The brokers representing the transaction are Shaun Riney, Michael (Mike) Salvatico, and Andrew Bronsteen from Marcus & Millichap. A note from the broker suggests that core+ is a favorable investment strategy while interest rates and caps remain elevated, and provides a contact for actionable inventory.

Players

Michael Salvatico

Marcus & Millichap

Broker

$795.9M

vol

175 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Michael Weitzman

Seller

$218.1M

vol

12 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93