Updated May 15, 2025
Multifamily Property Sold In Brooklyn For $2.5M
356 Leonard Street
$2,500,000
$1,275/SF
Building Size
1,960 SF
Asset Type
MultiFamily
Closing
Jul 1, 2024
About this deal
AI
The property asset is a multifamily building located at 356 Leonard Street in Brooklyn. The sale was finalized for a price of $2,500,000, consisting of 3 units, with a price per unit of $833,333. The total square footage of the building is 1,920, leading to a price per square foot of $1,302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 3
- Price per Unit: $833,333
- Square Footage: 1,920
- Price per Square Foot: $1,302
- Seller: Francis Bobe
- Broker: Zachi Koren - Greenhouse Advisors
- Date of Transaction: 07/01/2024
Zachi Koren from Greenhouse Advisors represented the broker in this transaction. Francis Bobe acted as the seller of the property during this deal.
On the Map
$2,500,000
$1,275/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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93