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104 Fort Greene Place

David Lloyd Of Lloyd Properties And Ian Miller & Jeremy Sedrish Of Kadima Properties Acquire Multifamily In Brooklyn For $5.5M
SOLDMultiFamily

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker
Alpha Realty
Alpha RealtyBrokerage

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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