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
28,799 SF
Asset Type
Package Deal
Closing
Nov 11, 2025
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.
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