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88 Linden Boulevard

Doron Greenberg And Aviad Ohayon Acquire 88 Linden Boulevard For $28 Million From Prophet Capital Management
SOLDMultiFamily

Doron Greenberg And Aviad Ohayon Acquire 88 Linden Boulevard For $28 Million From Prophet Capital Management

88 Linden Boulevard

$28,000,000

$464/SF

Building Size

60,259 SF

Asset Type

MultiFamily

Closing

Apr 30, 2025

AI

The asset involved in this transaction is a multifamily property located at 88 Linden Boulevard in the Prospect Lefferts Gardens market. The property has a sale price of $28,000,000 and consists of 66 units, yielding a price per unit of $424,242. The total square footage of the property is 60,259.

Summary of transaction details:

Key individuals in this transaction include the buyers Doron Greenberg and Aviad Ohayon, representing GO-RE Partners. The sellers are Prophet Capital Management, Limited. The brokerage team from JLL, consisting of Jeffrey Julien, Rob Hinckley, Steven Rutman, and Ethan Stanton, facilitated the transaction.

Players

Ethan Stanton

JLL

Broker

$6.2B

vol

136 deals

Broker

Doron Greenberg

Buyer

$93M

vol

5 deals

Buyer

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93