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
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
7.99%
Cash-on-Cash
-2.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93