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735 Chauncey Street

David Malkoukian Sells 2-Unit Brooklyn Multifamily At 735 Chauncey Street For $1,985,000
SOLDMultiFamily

David Malkoukian Sells 2-Unit Brooklyn Multifamily At 735 Chauncey Street For $1,985,000

735 Chauncey Street

$1,985,000

$529/SF

Building Size

3,750 SF

Asset Type

MultiFamily

Closing

May 17, 2026

AI

The asset involved in this transaction is a multifamily property located at 735 Chauncey Street in Brooklyn. The sale price for the property was $1,985,000. The building contains 2 units, offering a price per unit of $992,500. The total square footage of the property is 3,750, which results in a price per square foot of $529.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,985,000
  • Units: 2
  • Price Per Unit: $992,500
  • Square Footage: 3,750
  • Price Per Square Foot: $529
  • Seller: David Malkoukian
  • Buyer's Representative: Annael Kamar - Douglas Elliman
  • Seller's Representative: Sharon Lev - Douglas Elliman

In this transaction, Annael Kamar represented the buyer while Sharon Lev acted as the representative for the seller, both affiliated with Douglas Elliman. This collaboration highlights the role of these agents in facilitating the sale of the property between the involved parties.

Players

Annael Kamar

Douglas Elliman

Broker

$135M

vol

2 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
David Malkoukian

David Malkoukian

Seller

$7.2M

vol

4 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.99%

Cash-on-Cash

-2.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93