facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

366 368 Leonard Street

David Halberstam Sells Multifamily Property At 366-368 Leonard Street Brooklyn For $14.2M
SOLDMultiFamily

David Halberstam Sells Multifamily Property At 366-368 Leonard Street Brooklyn For $14.2M

366 368 Leonard Street

$14,200,000

$958/SF

Building Size

14,814 SF

Asset Type

MultiFamily

Closing

Jul 15, 2025

AI

The property is a multifamily asset located at 366-368 Leonard Street in Brooklyn. It was sold for $14,200,000, featuring 20 units with a price per unit of $710,000. The building encompasses a total area of 14,814 square feet, translating to a price per square foot of $958.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,200,000
  • Units: 20
  • Price per Unit: $710,000
  • Square Footage: 14,814
  • Price per Square Foot: $958
  • Seller: David Halberstam
  • Broker Representatives: Patrick Madigan, Joseph Moran, Frederick Richter, Miles Davis-Bosch - Avison Young
  • Date of Sale: 7/16/2025
  • Tax Class: 2B

The broker representatives involved in this transaction are Patrick Madigan, Joseph Moran, Frederick Richter, and Miles Davis-Bosch from Avison Young. They played a crucial role in facilitating the sale of this multifamily property, ensuring the deal was executed efficiently.

Players

Frederick Richter

Avison Young

Broker

$506.5M

vol

34 deals

Broker
Avison Young
Avison YoungBrokerage

David Halberstam

Seller

$183.4M

vol

14 deals

Seller

Brooklyn 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

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93