Updated Aug 14, 2026
SOLDMultiFamily
Omid Mashieh Acquires Multifamily Property In Fort Greene Brooklyn From Jimmy Nunez For $3.3M
302 Cumberland Street
$3,300,000
$896/SF
Building Size
3,680 SF
Asset Type
MultiFamily
Closing
Aug 5, 2026
About this deal
AI
Omid Mashieh acquired a multifamily property at 302 Cumberland Street in Fort Greene, Brooklyn. The property spans 3,680 square feet and sold for $3.3 million, resulting in a price per square foot of $897.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,300,000
- Address: 302 Cumberland Street
- Market: Fort Greene, Brooklyn
- Square Footage: 3,680
- Price per Square Foot: $897
- Buyer: Omid Mashieh
- Seller: Jimmy Nunez
- Sale Date: August 5, 2026
This transaction involved both Omid Mashieh as the buyer and Jimmy Nunez as the seller, marking a significant transfer of residential assets within the Brooklyn market. The deal emphasizes the ongoing interest in multifamily properties in this area.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93