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
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