Updated Oct 15, 2026
Lajqi Family Purchases MultiFamily Property From Joel Gluck For $7.225M In Brooklyn
8678 Bay Pkwy, Brooklyn, NY, 11214, 8678 Bay Parkway, 8678 Bay Parkway & 8678 Bay Parkway
$7,225,000
$58/SF
Building Size
30,960 SF
Asset Type
MultiFamily
Closing
Sep 12, 2019
About this deal
AI
The transaction involved a multi-family asset located at 8678 Bay Parkway in Brooklyn. The sale price for the property was $7,225,000.00, and it encompasses a total square footage of 30,960.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,225,000.00
- Address: 8678 Bay Parkway
- Market: Brooklyn
- Square Footage: 30960.0
- Buyer: Lajqi Family
- Seller: Joel Gluck (Park Management)
- Brokers: Erik Yankelovich (Atlas Realty Group), Shlomo Antebi (Atlas Realty Group)
Erik Yankelovich and Shlomo Antebi from Atlas Realty Group represented the buyers and seller in the transaction. Joel Gluck, associated with Park Management, was the seller in this deal while the buyers were the Lajqi Family.
On the Map
$7,225,000
$58/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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93