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2400 Nostrand Avenue

Estefania Knight Acquires Multifamily Portfolio In Brooklyn And Manhattan For $21.13M From David Barse
SOLDMultiFamily

Estefania Knight Acquires Multifamily Portfolio In Brooklyn And Manhattan For $21.13M From David Barse

2400 Nostrand Avenue, 509 West 155th Street & 115 East 21st Street

$21,127,511

$24/SF

Building Size

853,038 SF

Asset Type

MultiFamily

Closing

Apr 20, 2026

AI

Estefania Knight acquired a three-building multifamily portfolio spanning Brooklyn and Manhattan from David Barse for $21.1 million. The properties are located at 2400 Nostrand Avenue, 509 West 155th Street, and 115 East 21st Street. The total asset encompasses 284,346 square feet, with an average price per square foot of $74.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $21,127,511
  • Buyer: Estefania Knight
  • Seller: David Barse
  • Market: Brooklyn & Manhattan
  • Square Footage: 284,346
  • Price per Square Foot: $74

This transaction highlights the involvement of investor Estefania Knight, who has expanded her portfolio through this significant acquisition. David Barse, the seller, facilitated this transaction, marking an important movement in the multifamily market across two major areas.

Players

Estefania Knight

Buyer

$119.6M

vol

7 deals

Buyer

David Barse

Seller

$80.8M

vol

5 deals

Seller

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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93