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470 Ocean Avenue

Estefania Knight Acquires Multifamily Building At 470 Ocean Avenue Brooklyn For $10.34M
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.

Players

Estefania Knight

Buyer

$119.6M

vol

7 deals

Buyer

Ephraim Diamond

Seller

$490.1M

vol

3 deals

Seller

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