Updated Sep 24, 2026
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:
- Property Type: MultiFamily
- Transaction Amount: $2,100,000
- Units: 3
- Square Footage: 2,700
- Price Per Unit: $700,000
- Price Per Square Foot: $777
- Buyer: Dorothy Cao
- Seller: Menelik Eaddy
- Seller's Representative: Jason Abrishami & Jerry Minsky - Douglas Elliman
- Date of Sale: 09/03/2026
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
$2,100,000
$777/SF
MultiFamily
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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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93