{"id":180000,"date":"2026-03-30T19:30:10","date_gmt":"2026-03-30T19:30:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/180000\/"},"modified":"2026-03-30T19:30:10","modified_gmt":"2026-03-30T19:30:10","slug":"jemal-family-trades-brooklyn-home-for-14m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/180000\/","title":{"rendered":"Jemal Family Trades Brooklyn Home For $14M"},"content":{"rendered":"

The family behind real estate investment and management company JJ Operating Inc. sold a home in Midwood, Brooklyn, for a whopping $13.6 million.\u00a0<\/p>\n

Samuel and Isaac Jemal sold a property at 1151 East Seventh Street to a buyer whose identity is shielded by a shell company, 18 Midwood Owner LLC, according to public records. The deal was more than four times the amount the Jemals paid for the home when they bought it for $3 million in 2016.<\/p>\n

The deal appears to have been off-market, and few details about the property are publicly available. Listing descriptions on Zillow and Realtor.com peg the home at roughly 4,600 square feet. Photos alongside the entries show a home under construction, which is marked as completed in 2021.<\/p>\n

The property\u2019s sale price is significantly higher than the priciest listings in the neighborhood, which include a seven-bedroom duplex on the same street asking just under $6 million and a new development home on East 8th Street asking $4.5 million.\u00a0<\/p>\n

However, the deal does align with other high-profile trades among real estate families in the neighborhood. Maguire Capital Group\u2019s Marvin Azrak and his wife, Barbara Azrak, sold their home at 935 East Ninth Street for $9.5 million<\/a> in 2024. A year later, Helm Equities developer Ayal Horovitz and his wife, Michele Bailey-Horovitz, sold their home on Avenue J for $15.5 million, Crain\u2019s New York<\/a> reported.\u00a0<\/p>\n

The Azraks\u2019 and Horovitzs\u2019 sales show how much prices have grown for homes in the area. When another well-known real estate name, Stanley Cayre, whose brother Joseph Cayre founded Midtown Equities, sold his home in 2017, he did so for just $3.6 million.\u00a0<\/p>\n

Prices in Midwood haven\u2019t yet caught up to the upper echelons of sales in nearby Gravesend, which in November logged a $32 million<\/a> deal after Eli Gindi sold his home on East Fourth Street to Victor Hakim of Choice Home Warranty.<\/p>\n

The Jemal family\u2019s JJ Operating owns commercial properties across New York and New Jersey, including a retail building on Grand Concourse in the Bronx, which they bought from Vornado Realty Trust in 2001 and refinanced with $52 million<\/a> from Bank of America in 2017.<\/p>\n

The company was also one of the developers behind a mixed-use development project at 278 Eighth Avenue in Chelsea, which completed construction in 2024. JJ Operating bought the site for $107 million<\/a> in 2017.\u00a0<\/p>\n

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Real estate exec sells $9M Midwood home<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Raymond\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Eli Gindi\u2019s South Brooklyn home sells for $32M in borough record<\/p>\n

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Jeff Sutton buys another Brooklyn home for $7M<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The family behind real estate investment and management company JJ Operating Inc. sold a home in Midwood, Brooklyn,…\n","protected":false},"author":2,"featured_media":180001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,6559,99,9,24,63],"class_list":{"0":"post-180000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brooklyn","8":"tag-brooklyn","9":"tag-brooklyn-headlines","10":"tag-brooklyn-home-sales","11":"tag-brooklyn-news","12":"tag-new-york","13":"tag-new-york-city","14":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/180000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=180000"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/180000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/180001"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=180000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=180000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=180000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}