Updated Oct 20, 2026
SOLDMultiFamily
Asaf Ringlheim Of Minerva Acquires Multifamily Asset At 397 Douglass Street For $2,800,000
397 Douglass Street
$2,800,000
$1,025/SF
Building Size
2,730 SF
Asset Type
MultiFamily
Closing
Oct 1, 2026
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 397 Douglass Street in the Brooklyn market. The sale price of the property was $2,800,000, with a total square footage of 2,730. The price per square foot for this transaction was $1,025.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,800,000
- Address: 397 Douglass Street
- Market: Brooklyn
- Square Footage: 2,730
- Price Per Square Foot: $1,025
- Buyer: Asaf Ringlheim
- Buyer’s Company: Minerva
Asaf Ringlheim represented Minerva in this transaction, facilitating the acquisition of the property at the specified address. The transaction date was recorded as 10/01/2026.
On the Map
$2,800,000
$1,025/SF
MultiFamily
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93