Rave Family Purchases Multifamily Asset From Frankel Family For $710,000 In Brooklyn
98 Linden Street
$710,000
$136/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Dec 17, 2025
AI
The property involved in this transaction is a multifamily asset located at 98 Linden Street, Brooklyn. The sale price was $710,000, with a total square footage of 5,200, equating to a price per square foot of $136.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $710,000
- Square Footage: 5,200
- Price Per Square Foot: $136
- Buyer: Rave Family
- Seller: Frankel Family
- Broker: Marcel Fridman - Barcel Group
The buyer in this transaction is the Rave Family, while the seller is the Frankel Family. The broker representing the sale is Marcel Fridman from Barcel Group.
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
22.34%
Cash-on-Cash
-6.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93