Updated Oct 10, 2026
Jemal Family Acquires Package Deal From Lesser Family In Brooklyn For $5.85M
1285 Rockaway Avenue, 1301 Rockaway Parkway & 1305 Rockaway Parkway
$5,850,000
$203/SF
Building Size
20,700 SF
Asset Type
Package Deal
Closing
Nov 11, 2025
About this deal
AI
The transaction involved a package deal located at 1285 Rockaway Avenue, 1301 Rockaway Parkway, and 1305 Rockaway Parkway in Brooklyn. The sale price was set at $5,850,000, covering a total square footage of 29,500, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $5,850,000
- Buyer: Jemal Family
- Seller: Lesser Family
- Broker: Vadim Atbashyan - Commercial Acquisitions Realty
Vadim Atbashyan represented the seller in this transaction, facilitating the deal between the Jemal Family and the Lesser Family in the Brooklyn market.
On the Map
$5,850,000
$203/SF
Package Deal
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Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93