Updated Aug 24, 2026
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
Loading comparables…
Deal FAQ
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