Estefania Knight Acquires Brooklyn Multifamily Portfolio From David Barse For $28.57M
481 Eastern Parkway, 671 West 193rd Street & 681 West 193rd Street
$28,570,829
$24/SF
Building Size
1,190,112 SF
Asset Type
MultiFamily
Closing
Mar 31, 2026
AI
A four-property multifamily portfolio located in Brooklyn was acquired for a transaction amount of $28,570,829. This portfolio spans a total of 297,528 square feet across four addresses: 481 Eastern Parkway, 671-681 West 193rd Street, 240 East 18th Street, and 85-05 35th Avenue. The properties were sold at an average price of approximately $96 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $28,570,829
- Square Footage: 297,528
- Address: 481 Eastern Parkway, 671-681 West 193rd Street, 240 East 18th Street & 85-05 35th Avenue
- Market: Brooklyn
- Buyer: Estefania Knight
- Seller: David Barse
- Price per Square Foot: $96
Estefania Knight purchased the multifamily portfolio from seller David Barse, indicating a significant property consolidation in the Brooklyn real estate market. The transaction reflects the ongoing activity and interest in multifamily assets in this particular area.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93