Jacob Kassin & Leon Kassin Acquire Multifamily Asset From The Loeffers Family For $4.2M In Brooklyn
1710 Newkirk Avenue
$4,200,000
$244/SF
Building Size
17,213 SF
Asset Type
MultiFamily
Closing
Apr 16, 2026
AI
The asset involved in this transaction is a multifamily property located at 1710 Newkirk Avenue in Brooklyn. The sale price for this property was $4,200,000, with a total square footage of 17,213 and a price per square foot of $244.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 1710 Newkirk Avenue
- Market: Brooklyn
- Square Footage: 17,213
- Price per Square Foot: $244
- Buyer: Jacob Kassin & Leon Kassin
- Seller: The Loeffers Family
- Brokers: Lev Mavashev & Jerry Mavashev - Alpha Realty
This transaction was facilitated by Jacob Kassin and Leon Kassin as the buyers, while The Loeffers Family represented the selling party. The brokerage Alpha Realty was involved in the deal, represented by Lev Mavashev and Jerry Mavashev.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93