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1492 Eastern Parkway

Joe Riegler Purchases Multifamily Asset At 1492 Eastern Parkway In Brooklyn For $1,000,026
SOLDMultiFamily

Joe Riegler Purchases Multifamily Asset At 1492 Eastern Parkway In Brooklyn For $1,000,026

1492 Eastern Parkway

$1,000,026

$289/SF

Building Size

3,460 SF

Asset Type

MultiFamily

Closing

Jun 17, 2026

AI

The property involved in this transaction is a multifamily asset located at 1492 Eastern Parkway in Brooklyn. It was sold for a price of $1,000,026, consisting of 3 units and encompassing a total square footage of 3,460. The price per unit stands at $333,342, while the price per square foot is $289.

Summary of transaction details:

This transaction involved key negotiations that faced initial setbacks but were ultimately resolved through strategic partnership and persistence. The successful resolution highlights the efforts of the representatives involved, showcasing their commitment to concluding the deal.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$145.1M

vol

42 deals

Broker

Joe Riegler

Buyer

$1M

vol

1 deal

Buyer

Osmond Hackshaw

Seller

$1M

vol

1 deal

Seller

Market 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93