Updated Oct 14, 2026
Rafael Reihanian Purchases Multifamily Property From Thomas Hinds For $1.4 Million In Brooklyn
32 Rutland Road
$1,400,000
$466/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jan 12, 2026
About this deal
AI
A multifamily asset located at 32 Rutland Road in Brooklyn was sold in a transaction for $1,400,000. The property encompasses a total area of 3,000 square feet, resulting in a price per square foot of $466.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 32 Rutland Road
- Market: Brooklyn
- Square Footage: 3,000
- Price per Square Foot: $466
- Buyer: Rafael Reihanian
- Seller: Thomas Hinds
Rafael Reihanian completed this acquisition, noting that the closing occurred in under 14 days. The townhouse division under his management is currently targeting additional properties, with three more already under contract.
On the Map
$1,400,000
$466/SF
MultiFamily
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93