Updated Nov 3, 2025
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
About this deal
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.
On the Map
$6,100,000
$726/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael (Mike) Salvatico to view all their deals.
Browse Brooklyn multifamily sales on Traded.
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