Updated Oct 28, 2026
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:
- Property Type: MultiFamily
- Transaction Amount: $1,450,000
- Units: 3
- Square Footage: 3,600
- Price per Unit: $483,333
- Price per Square Foot: $402
- Buyer: Joshua Lee
- Seller: Eugene Ladoo
- Brokers: Sean Mashihi, Gabriel Kates & Jason Botesazan - Block Real Estate Group
- Transaction Date: 10/13/2026
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.
On the Map
$1,450,000
$402/SF
MultiFamily
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93