Daniel Broshi Acquires Condo In Brooklyn For $8.05M With Broker Natanel Malkoukian
406 Midwood Street
$8,050,000
$875/SF
Building Size
9,200 SF
Asset Type
Condo
Closing
Apr 30, 2026
AI
The property asset involved in the transaction is a condo located at 406 Midwood Street in Brooklyn. The sale was completed for a total of $8,050,000, encompassing a space of 9,200 square feet, resulting in a price per square foot of $875.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,050,000
- Square Footage: 9,200
- Price per Square Foot: $875
- Buyer: Daniel Broshi
- Seller: Barry Shor & Jacob Scherman
- Broker: Natanel Malkoukian - Reavis Development Marketing
The individuals associated with the deal include the buyer, Daniel Broshi, and the sellers, Barry Shor and Jacob Scherman. The broker representing the transaction is Natanel Malkoukian from Reavis Development Marketing. A note from the sellers indicates that they have officially sold out 10 luxury condo units and are actively seeking more development sites, conversions, or value-add deals in Brooklyn, encouraging communication with Jacob or Barry for further opportunities.
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93