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406 Midwood Street

Daniel Broshi Acquires Condo In Brooklyn For $8.05M With Broker Natanel Malkoukian
SOLDCondo

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.

Players

Natanel Malkoukian

Reavis Development Marketing

Broker

$297.8M

vol

14 deals

Broker

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