SOLDMultiFamily
Estefania Knight Acquires Multifamily Building At 470 Ocean Avenue Brooklyn For $10.34M
470 Ocean Avenue
$10,340,122
$85/SF
Building Size
121,636 SF
Asset Type
MultiFamily
Closing
Mar 31, 2026
AI
Estefania Knight purchased a 121,636-square-foot multifamily building at 470 Ocean Avenue in Prospect Park South, Brooklyn. The sale price was $10,340,122, which translates to approximately $85 per square foot for the asset.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,340,122
- Address: 470 Ocean Avenue
- Market: Prospect Park South, Brooklyn
- Square Footage: 121,636
- Price Per Square Foot: $85
- Buyer: Estefania Knight
- Seller: Ephraim Diamond
The transaction involved Estefania Knight as the buyer and Ephraim Diamond as the seller, highlighting their roles in this property deal.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93