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246 Schaefer Street

Updated Oct 28, 2026

Joshua Lee Acquires MultiFamily Asset On Schaefer Street In Brooklyn For $1.45M
SOLDMultiFamily

Joshua Lee Acquires MultiFamily Asset On Schaefer Street In Brooklyn For $1.45M

246 Schaefer Street

$1,450,000

$402/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Oct 13, 2026

About this deal

AI

The property asset involved in this transaction is a MultiFamily building located at 246 Schaefer Street in Brooklyn. The sale price for this asset was $1,450,000, consisting of 3 units with a total square footage of 3,600, resulting in a price per unit of $483,333 and a price per square foot of $402.

Summary of transaction details:

This transaction involved buyer Joshua Lee acquiring the property from seller Eugene Ladoo, with the representation of brokers Sean Mashihi, Gabriel Kates, and Jason Botesazan from Block Real Estate Group facilitating the deal.

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$1,450,000

$402/SF

MultiFamily

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Players

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$177M

vol

66 deals

Broker

Joshua Lee

Buyer

$26.5M

vol

3 deals

Buyer

Eugene Ladoo

Seller

$1.5M

vol

1 deal

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $402 per square foot on a published $1.5M for 3,600 square feet (2026).

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Browse Brooklyn multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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