Updated Sep 17, 2026
Lands 45 LLC Acquires 3,500 Square Foot Multifamily Property In Cobble Hill For $11.395M
45 Douglass Street
$11,395,000
$3,255/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Sep 7, 2026
About this deal
AI
Lands 45 LLC acquired a multifamily property located at 45 Douglass Street in Cobble Hill, Brooklyn. The property encompasses 3,500 square feet and was sold for $11,395,000, resulting in a price per square foot of $3,256.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,395,000
- Address: 45 Douglass Street
- Market: Cobble Hill, Brooklyn
- Square Footage: 3,500
- Price Per Square Foot: $3,256
- Buyer: Lands 45 LLC
- Seller: Todd Schwartz
This transaction involved Lands 45 LLC as the buyer and Todd Schwartz as the seller, highlighting their roles in the acquisition of the multifamily asset. The deal reflects ongoing activity in the Brooklyn real estate market.
On the Map
$11,395,000
$3,255/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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93