Updated May 29, 2026
SOLDMultiFamily
Asaf Ringlheim Of Minerva Development Acquires Multifamily Building In Brooklyn For $3.6M
391 Douglass Street
$3,600,000
$911/SF
Building Size
3,948 SF
Asset Type
MultiFamily
Closing
May 15, 2026
About this deal
AI
No summary available.
On the Map
$3,600,000
$911/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93