David Lloyd Of Lloyd Properties And Ian Miller & Jeremy Sedrish Of Kadima Properties Acquire Multifamily In Brooklyn For $5.5M
104 Fort Greene Place & 112 Fort Greene Place
$5,500,000
$785/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Aug 25, 2025
AI
The asset involved in this transaction is a multifamily property located at 104 Fort Greene Place & 112 Fort Greene Place within the Brooklyn market. The sale price was $5,500,000 for the property, which includes 16 units. The total square footage of the property is 7,000, resulting in a price per unit of $343,750 and a price per square foot of $786.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Units: 16
- Square Footage: 7,000
- Price Per Unit: $343,750
- Price Per Square Foot: $786
- Buyer: David Lloyd - Lloyd Properties; Ian Miller & Jeremy Sedrish - Kadima Properties
- Seller: Kupferman Family
- Buyer's Representatives: Andrew Bronsteen & Shaun Riney - Marcus & Millichap
- Broker: Lev Mavashev & Ben Normatov - Alpha Realty
The transaction features notable individuals from the real estate industry, including David Lloyd of Lloyd Properties, Ian Miller, and Jeremy Sedrish of Kadima Properties as buyers. The sellers of the property are the Kupferman Family. Representing the buyers are Andrew Bronsteen and Shaun Riney from Marcus & Millichap, while the brokerage firm involved in this transaction was represented by Lev Mavashev and Ben Normatov from Alpha Realty.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93