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625 Franklin Avenue

Updated Sep 24, 2026

Dorothy Cao Acquires MultiFamily Asset At 625 Franklin Avenue Brooklyn For $2,100,000
SOLDMultiFamily

Dorothy Cao Acquires MultiFamily Asset At 625 Franklin Avenue Brooklyn For $2,100,000

625 Franklin Avenue

$2,100,000

$777/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Sep 3, 2026

About this deal

AI

A multi-family asset located at 625 Franklin Avenue in Brooklyn has been sold for $2,100,000. This property consists of 3 units, covering a total square footage of 2,700, translating to a price per unit of $700,000 and a price per square foot of $777.

Summary of transaction details:

The transaction was managed by the MINSKY | ABRISHAMI Team at Douglas Elliman, who facilitated the process from contract through closing. Their role included addressing 52 property violations to ensure clearance, leading to a fully vacant property at close. The team quickly repositioned the asset, generating additional offers after the initial contract fell apart.

On the Map

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$2,100,000

$777/SF

MultiFamily

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Players

Jason Abrishami

Douglas Elliman

Broker

$17.3M

vol

8 deals

Broker

Dorothy Cao

Buyer

$2.1M

vol

1 deal

Buyer

Menelik Eaddy

Seller

$2.1M

vol

1 deal

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $777 per square foot on a published $2.1M for 2,700 square feet (2026).

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Browse Brooklyn multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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