Ling Ling Ye Purchases Multifamily Asset From Leifer Nachman For $1.698M In Brooklyn
913 48th Street
$1,698,000
$633/SF
Building Size
2,680 SF
Asset Type
MultiFamily
Closing
Feb 3, 2026
AI
The multifamily asset located at 913 48th Street in Brooklyn was sold for $1,698,000. The property comprises 2 units and has a total square footage of 2,680. The price per unit is $849,000, and the price per square foot is $633.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,698,000
- Address: 913 48th Street
- Market: Brooklyn
- Units: 2
- Price Per Unit: $849,000
- Square Footage: 2,680
- Price Per Square Foot: $633
- Buyer: Ling Ling Ye
- Seller: Leifer Nachman
- Brokers: Billy Apter & Vito Angelo - Re/Max
The deal involved key individuals including buyer Ling Ling Ye and seller Leifer Nachman, facilitated by brokers Billy Apter and Vito Angelo from Re/Max. Note from broker highlights the potential value of properties under new real estate laws and invites property owners to call for a free market appraisal.
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
9.34%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93