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Russell Hashem Acquires Multifamily Property In Kensington, Brooklyn For $1.9M

125 & 127 Webster Avenue
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This MultiFamily property located in NY was sold for $1,900,000 almost 4 years ago. The brokers of the deal were Samuel Finkler and John Brennan

The multifamily property located at 125 & 127 Webster Avenue in Kensington, Brooklyn was recently sold. The property has a total of 10,495 square feet and consists of 12 units. The sale price for this transaction was $1,900,000, resulting in a price per square foot of $181. Each unit was sold for an average price of $158,333. The capitalization rate for this property is 4.69%. The transaction took place on May 27, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 125 & 127 Webster Avenue, Kensington, Brooklyn
  • Market: Kensington, Brooklyn
  • Asset Type: Multifamily
  • Tax Class: 2A

The buyer for this property was Russell Hashem, while the seller was Joseph Genovesi. The deal was facilitated by brokers John Brennan from The Brennan Team of Marcus & Millichap and Samuel Finkler from Marcus & Millichap. This transaction demonstrates the continued activity and demand for multifamily properties in the Kensington, Brooklyn market.

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Deals
  • Location
    125 Webster Avenue, Kensington, Brooklyn, NY, USA125 Webster Avenue, Kensington, Brooklyn, NY, USA
  • Sale Price
    $1,900,000$1,900,000
    $181 PPSF$181 PPSF
  • Area
    10,495 SF10,495 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Samuel Finkler

Samuel Finkler

Deals23
Sold$98.5M

Agencies

TrueRate Services

TrueRate Services

Agency
Deals41
Volume$233.1M

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: John Brennan & Samuel Finkler DATE: 05/27/2021 ADDRESS: 125 & 127 Webster Avenue MARKET: Kensington, Brooklyn ASSET TYPE: Multifamily ~ TAX CLASS: 2A BUYER: Russell Hashem SELLER: Joseph Genovesi BROKERS: John Brennan @TheBrennanTeamOfMM & Samuel Finkler @Sam_Finkler - Marcus & Millichap @MarcusMillichap_NY SALE PRICE: $1,900,000 SF: 10,495 ~ PPSF: $181 UNITS: 12 ~ PPU: $158,333 CAP: 4.69%

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125 & 127 Webster Avenue

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