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73 Starr Street

Steven Kordvani, Jonathan Loloi & Simon Nassimi Acquire 24-Unit Multifamily In Brooklyn For $13.1M
SOLDMultiFamily

Steven Kordvani, Jonathan Loloi & Simon Nassimi Acquire 24-Unit Multifamily In Brooklyn For $13.1M

73 Starr Street

$13,100,000

$565/SF

Building Size

23,179 SF

Asset Type

MultiFamily

Closing

Mar 31, 2026

AI

This transaction involves a multifamily property located at 73 Starr Street in Brooklyn. The asset sold for $13,100,000, consisting of 24 units within a new construction building completed in 2020, with a total square footage of 23,179 and a price per unit of $545,833. The price per square foot is $565.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,100,000
  • Units: 24
  • Square Footage: 23,179
  • Price Per Unit: $545,833
  • Price Per Square Foot: $565
  • Buyer: Steven Kordvani, Jonathan Loloi & Simon Nassimi - Parkview Properties
  • Broker: Fred Bijou - Bijou Equities
  • Date of Sale: 4/1/2026
  • Note from Broker: New Construction 24-unit 421-A Building in North Bushwick

Fred Bijou of Bijou Equities represented both the buyer and the seller in this off-market transaction. The team at Parkview Properties is acknowledged for their role in acquiring this property, showcasing successful collaboration in closing the deal.

Players

Fred Bijou

Bijou Equities

Broker

$107.3M

vol

33 deals

Broker

Steven Kordvani

Parkview Properties

Buyer

$31.5M

vol

4 deals

Buyer
PP
Parkview PropertiesBuyer

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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93