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Eshcheh Saleh Maan Acquires Multifamily Asset In Brooklyn From Rafeal Hampton For $1.4M
SOLDMultiFamily

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

Joshua Malekan

Bridge Advisory Group

Broker

$145.1M

vol

42 deals

Broker
Bridge Advisory Group
Bridge Advisory GroupBrokerage

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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