Updated Sep 4, 2026
David Templer Acquires Multifamily Property For $4 Million From Ark Family Trust In Borough Park
1324 48th Street
$4,000,000
$918/SF
Building Size
4,355 SF
Asset Type
MultiFamily
Closing
Jul 26, 2026
About this deal
AI
David Templer acquired a multifamily property at 1324 48th Street in Borough Park, Brooklyn. The property encompasses 4,355 square feet and was purchased for $4,000,000, reflecting a price per square foot of $918.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $4,000,000
- Address: 1324 48th Street
- Market: Borough Park, Brooklyn
- Square Footage: 4,355
- Price Per Square Foot: $918
- Buyer: David Templer
- Seller: Ark Family Trust - Sarah Rubin as trustee
- Sale Date: 07/26/2026
This transaction involved Sarah Rubin acting as the trustee for the Ark Family Trust, representing the seller in the deal. The transaction closed on July 26, 2026.
On the Map
$4,000,000
$918/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93