Khalid Innab And Juber Jaber Purchase Three Condos From Ron Moelis For $16 Million In Brooklyn
11 Broadway
$16,000,000
$974/SF
Building Size
16,427 SF
Asset Type
Condo
Closing
May 18, 2026
About this deal
AI
Khalid Innab and Juber Jaber purchased three condo units located at 11 Broadway in Brooklyn. The sale price for the property was $16,000,000, encompassing a total of 16,427 square feet, which calculates to roughly $974 per square foot.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $16,000,000
- Address: 11 Broadway 1, CU 2 & CU 3
- Market: Brooklyn
- Square Footage: 16,427
- Price Per Square Foot: $974
- Buyer: Khalid Innab & Juber Jaber
- Seller: Ron Moelis - L+M Development Partners
Ron Moelis, representing L+M Development Partners, facilitated the sale of the condo units to Khalid Innab and Juber Jaber, marking a significant transaction in the Brooklyn real estate market.
On the Map
$16,000,000
$974/SF
Condo
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Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $974 per square foot on a published $16M for 16,427 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93