Updated Apr 7, 2026
Story St LLC Purchases Multifamily Property From Mickey Segal For $11.8M In Cobble Hill
22 Strong Place
$11,800,000
$2,731/SF
Building Size
4,320 SF
Asset Type
MultiFamily
Closing
Mar 31, 2026
About this deal
AI
The transaction involved a multifamily property located at 22 Strong Place in Cobble Hill, Brooklyn, which was acquired for $11.8 million. The asset has a total square footage of 4,320 and the sale price translates to $2,731 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,800,000
- Address: 22 Strong Place
- Market: Cobble Hill, Brooklyn
- Square Footage: 4,320
- Price per Square Foot: $2,731
- Buyer: Story St LLC
- Seller: Mickey Segal - NKSFB
The deal was executed with Story St LLC as the buyer, acquiring the property from Mickey Segal, associated with NKSFB. This transaction closed on March 31, 2026, marking a significant acquisition in the Brooklyn market.
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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93