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2145 East 5th Street

Updated Aug 24, 2026

Sonny And Loreen Kafif Acquire MultiFamily Property For $3,975,000 In Gravesend Brooklyn
SOLDMultiFamily

Sonny And Loreen Kafif Acquire MultiFamily Property For $3,975,000 In Gravesend Brooklyn

2145 East 5th Street

$3,975,000

$1,505/SF

Building Size

2,640 SF

Asset Type

MultiFamily

Closing

Aug 2, 2026

About this deal

AI

Sonny and Loreen Kafif acquired a multifamily property located at 2145 East 5th Street in Brooklyn's Gravesend neighborhood. The sale price for the property was $3,975,000, which translates to a price per square foot of $1,506 for the 2,640-square-foot asset.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,975,000
  • Address: 2145 East 5th Street
  • Market: Gravesend, Brooklyn
  • Square Footage: 2,640
  • Price Per Square Foot: $1,506
  • Buyer: Sonny Kafif & Loreen Kafif
  • Seller: Rachel Mann Irrevocable Trust - Leon Mann as trustee
  • Sale Date: August 2, 2026

This transaction highlights the involvement of the Rachel Mann Irrevocable Trust, with Leon Mann serving as trustee during the sale to the Kafifs. Both parties played crucial roles in finalizing the deal, ensuring a smooth transfer of ownership of the multifamily property.

Players

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $4M for 2,640 square feet (2026).

Browse Brooklyn multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.99%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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