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
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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93