Stormfield Capital Buys East Flatbush 8-Unit Multifamily At 517 Brooklyn Ave From Rafi Manor

The asset is a Multifamily property located at 517 Brooklyn Avenue in East Flatbush, Brooklyn. It comprises 8 units, with a price per unit of $625,000, and a total sale price of $5,000,000 in the East Flatbush market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 517 Brooklyn Avenue
• Market: East Flatbush, Brooklyn
• Units: 8
• Price Per Unit: $625,000
• Buyer: Wesley W. Carpenter & Timothy S.F. Jackson - Stormfield Capital
• Financing Vehicle: Stormfield Capital Funding I, LLC
• Seller: Rafi Manor
• Acquisition Method: Judicial foreclosure
• Date of Transaction: 07/30/2025

The buyers are Wesley W. Carpenter and Timothy S.F. Jackson, acting through Stormfield Capital. The transaction was completed through judicial foreclosure, with Stormfield Capital Funding I, LLC as the funding vehicle, and the former owner of record was Rafi Manor.