Eshcheh Saleh Maan Acquires Multifamily Asset In Brooklyn From Rafeal Hampton For $1.4M
$1,400,026
$513/SF
Building Size
2,726 SF
Asset Type
MultiFamily
Closing
Aug 12, 2025
AI
The transaction involved a multifamily asset located in Brooklyn, with a sale price of $1,400,026. The property encompasses a total square footage of 2,726, resulting in a price per square foot of $513.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,026
- Buyer: Eshcheh Saleh Maan
- Seller: Rafeal Hampton
- Buyer's Representative: Farhad Bakhshi Nazar - Bridge Advisory Group
- Seller's Representative: Joshua Malekan - Bridge Advisory Group
- Square Footage: 2,726
- Price Per Square Foot: $513
This transaction highlights the efforts of Farhad Bakhshi Nazar, who represented the buyer, in securing the deal under specific conditions requested by the seller for confidentiality. The seller aimed for a quick, discreet sale, which ultimately achieved the full asking price within two calls. The closing occurred within two weeks, facilitated by all-cash arrangements, with special thanks extended to Jon Malekan at Rabanipour Law for assisting in the complexity of the deal's structure.
Players
Market 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93