SOLDMultiFamily
Estefania Knight Acquires Multifamily Portfolio From Ephraim Diamond For $28.48M In NYC
237 West 18th Street, 3410 Kingsbridge Avenue, 330 East 19th Street & 916 Carroll Street
$28,479,143
$24/SF
Building Size
1,160,464 SF
Asset Type
MultiFamily
Closing
Mar 31, 2026
AI
A five-building multifamily portfolio spanning Brooklyn, Manhattan, and the Bronx was sold for $28,479,143. The total square footage of the properties is approximately 290,116 square feet, which translates to a price per square foot of about $98. The addresses included in this transaction are 681 Ocean Avenue, 237 West 18th Street, 3410 Kingsbridge Avenue, 330 East 19th Street, and 916 Carroll Street.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $28,479,143
- Buyer's Name: Estefania Knight
- Seller's Name: Ephraim Diamond
- Market: Brooklyn, Manhattan & Bronx
The buyer, Estefania Knight, acquired the multifamily portfolio from seller Ephraim Diamond. This transaction reflects a notable positioning within the Brooklyn, Manhattan, and Bronx markets, illustrating the dynamics at play in these residential investment areas.
New York 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