HF Capital Acquires Multifamily Properties From LeFrak Organization In Gravesend For $34 Million

The transaction involves multiple multifamily properties located at 7705 Bay Parkway, 8301 Bay Parkway, 1640 Ocean Parkway, and 1201 Ocean Parkway in the Gravesend and Midwood market. The total sale price for these assets is $34,000,000, encompassing a total square footage of 328,200, resulting in a price per square foot of $104.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Square Footage: 328,200
• Price per Square Foot: $104
• Buyer: HF Capital
• Seller: LeFrak Organization
• Brokers: Daniel O'Brien, Caroline Hodes, Loren Valla, Henry Hill, Felton Hatcher, Adam Doneger, and Adam Spies - Newmark
• Date of Transaction: 6/24/2026

This deal showcases the involvement of HF Capital as the buyer and LeFrak Organization as the seller. The brokerage representation on this transaction is provided by a team from Newmark, which includes notable members such as Daniel O'Brien and Caroline Hodes, among others, reflecting a collaborative effort in facilitating this significant sale.