Beth Rivkah School Acquires Multifamily Property From Eiges Family For $4,825,000 In Prospect Lefferts Garden
480 Lefferts Avenue
$4,825,000
$105/SF
Building Size
45,940 SF
Asset Type
MultiFamily
Closing
Jul 30, 2026
AI
The transaction involved a multifamily asset located at 480 Lefferts Avenue in the Prospect Lefferts Garden market. The sale was completed for $4,825,000, covering a total square footage of 45,940, resulting in a price per square foot of $105.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,825,000
- Address: 480 Lefferts Avenue
- Market: Prospect Lefferts Garden
- Sale Price: $4,825,000
- Square Footage: 45,940
- Price Per Square Foot: $105
- Buyer: Beth Rivkah School
- Seller: Eiges Family
- Brokers: Shaun Riney & Daniel Greenblatt - Marcus & Millichap
The brokers involved in the transaction were Shaun Riney and Daniel Greenblatt from Marcus & Millichap, representing the sale. The buyer, Beth Rivkah School, is a nonprofit with a specific intended use for the building, which was a key factor in reaching an agreeable sale price in a competitive market.
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
3.29%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93