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

Property Image
SOLD
$28,000,000
Steven Rutman
Rob Hinckley
+ 2

New York

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MultiFamily60,259 SF
Sold 04/30/2025
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Property Image
SOLD

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

88 Linden Boulevard

See Similar Deals
MultiFamily60,259 SF
Sold 04/30/2025
Steven Rutman
Rob Hinckley
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:60,259 SF
Transaction Type:Sale

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
133 deals$6.1B volume(516) 790-7718
BROKER

Rob Hinckley
JLL
81 deals$11.6B volume
BROKER

Steven Rutman
JLL
66 deals$8.8B volume
BROKER

Jeffrey Julien
JLL
8 deals$615.7M volume(212) 632-1820
BROKER

Details

SOLD
IMAGE: Doron Greenberg, Aviad Ohayon, Jeffrey Julien, Steven Rutman, Rob Hinckley & Ethan Stanton DATE: 5/1/2025 ADDRESS: 88 Linden Boulevard MARKET: Prospect Lefferts Gardens ASSET TYPE: MultiFamily BUYER: Doron Greenberg & Aviad Ohayon – GO-RE Partners SELLER: Prophet Capital Management, Limited BROKERS: Jeffrey Julien, Rob Hinckley, Steven Rutman & Ethan Stanton - JLL (@JLL) SALE PRICE: $28,000,000 UNITS: 66 ~ PPU: $424,242 SF: 60,259

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,493,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42