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Henry B. George Purchases Multifamily Property At 383 Macdonough Street Brooklyn For $2.52M

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SOLD
$2,520,000

New York

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MultiFamily2,700 SF
Sold 01/16/2026
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Property Image
SOLD

Henry B. George Purchases Multifamily Property At 383 Macdonough Street Brooklyn For $2.52M

383 Macdonough Street

See Similar Deals
MultiFamily2,700 SF
Sold 01/16/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$933
Total Square Footage:2,700 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 383 Macdonough Street, Brooklyn. The sale price for the property was $2,520,000. The asset comprises 2 units with a total square footage of 2,700, resulting in a price per unit of $1,260,000 and a price per square foot of $933.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,520,000
  • Units: 2
  • Square Footage: 2,700
  • Price Per Unit: $1,260,000
  • Price Per Square Foot: $933
  • Buyer: Henry B. George
  • Seller: Adam Shauli, Yehuda Zargarov & Saul Shauli
  • Seller's Representative: Daniel Cohen - The Corcoran Group

Henry B. George was the buyer in this transaction. The sellers include a group consisting of Adam Shauli, Yehuda Zargarov, and Saul Shauli. The seller's representative for this deal, ensuring the transaction was facilitated, is Daniel Cohen from The Corcoran Group. The sellers have expressed an active interest in acquiring new real estate, specifically targeting brownstones and townhomes in Brooklyn, as well as luxury condominium development sites in New York City and Miami.

Players

Daniel Cohen
3 deals$7.3M volume
BROKER

The Corcoran Group
BROKERAGE

Details

SOLD
IMAGE: Adam Shauli, Yehuda Zargarov & Saul Shauli DATE: 1/16/2026 ADDRESS: 383 Macdonough Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: ​Henry B. George SELLER: Adam Shauli, Yehuda Zargarov & Saul Shauli SELLER'S REP: Daniel Cohen (@Thedanielcohenteam) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $2,520,000 UNITS: 2 ~ PPU: $1,260,000 SF: 2,700 ~ PPSF: $933 NOTE FROM SELLER: Elite Properties is a private investment and development company actively seeking new real estate acquisitions in New York City and Miami, FL. We are particularly focused on acquiring brownstones and townhomes in Brooklyn (BK), as well as purchasing luxury condominium development sites in prime locations. Our strategy is to aggressively pursue properties that align with our investment objectives and long-term growth potential. Please feel free to contact us [email protected] #​HenryBGeorge

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$134,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,953.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,946.09
Annual Debt Service$143,353.03