Updated Sep 25, 2026
Jay Lakhani And Johnny Lakhani Purchase Multifamily Property In Brooklyn For $2,300,026
230 South 2nd Street
$2,300,026
$1,045/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Dec 17, 2025
About this deal
AI
A two-family property was successfully sold at 230 South 2nd Street, Brooklyn. The transaction closed at a sale price of $2,300,026, encompassing 2,200 square feet, which translates to a price per square foot of $1,045. The sale was completed with the asset being delivered vacant, and the transaction took 26 days from listing to closing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,026
- Units: 2
- Price Per Unit: $1,150,013
- Square Footage: 2,200
- Price Per Square Foot: $1,045
- Buyer: Jay Lakhani & Johnny Lakhani
- Seller: Juan Correa
- Broker: Joshua Malekan & Roy Oskar - Bridge Advisory Group
- Date of Transaction: 12/18/2025
- Market: Brooklyn
The deal was facilitated by brokers Joshua Malekan and Roy Oskar from Bridge Advisory Group, who executed a focused sales strategy to deliver results in a competitive market environment. The property was listed and closed within a short time frame, indicating a professional approach and efficient handling of the transaction.
On the Map
$2,300,026
$1,045/SF
MultiFamily
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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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93