Updated Oct 30, 2026
Jian Hu Chen Purchases MultiFamily Property From Karen Leclaire In Brooklyn For $1,690,000
851 68th Street
$1,690,000
$768/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Oct 13, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 851 68th Street, Brooklyn. It sold for $1,690,000 and consists of 2 units, with a price per unit of $845,000. The total square footage of the property is 2,200, resulting in a price per square foot of $768.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,690,000
- Units: 2
- Price Per Unit: $845,000
- Square Footage: 2,200
- Price Per Square Foot: $768
- Buyer: Jian Hu Chen
- Seller: Karen Leclaire
- Broker: Daniel Weichselbaum - Cloud Realty
The deal features Jian Hu Chen as the buyer and Karen Leclaire as the seller, with representation provided by Daniel Weichselbaum from Cloud Realty. This transaction highlights the involvement of professional brokerage services in facilitating the exchange.
On the Map
$1,690,000
$768/SF
MultiFamily
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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
9.39%
Cash-on-Cash
-2.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93