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230 South 2nd Street

Updated Sep 25, 2026

Jay Lakhani And Johnny Lakhani Purchase Multifamily Property In Brooklyn For $2,300,026
SOLDMultiFamily

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:

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

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$2,300,026

$1,045/SF

MultiFamily

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Players

Roy Oskar

Bridge Advisory Group

Broker

$44.7M

vol

13 deals

Broker

Juan Correa

Seller
Seller
Bilt advertisement

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2.3M for 2,200 square feet (2025).

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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

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