The Jemal family has quietly cashed out of a newly built single-family home in Midwood, with public records showing a mid-eight-figure sale price that sits well above most neighborhood deals. The buyer purchased through a shell LLC, and the trade appears to have taken place off-market. The house was completed in 2021 and had been in the family’s portfolio since 2016, when they paid roughly $3 million for the property.
According to The Real Deal, Samuel and Isaac Jemal sold 1151 East Seventh Street to 18 Midwood Owner LLC for about $13.6 million. That figure is more than four times what the family paid in 2016. The outlet reports the transaction was handled off-market with few listing details made public, and the buyer’s identity remains hidden behind the LLC.
Property details
Listing records on Realtor.com show the home at about 4,556 square feet on a 4,820-square-foot lot, with a listed build year of 2021. Listing photos capture the property in various stages of construction and point to a recent completion. Combined with the Jemals’ 2016 purchase price of about $3 million, those details help explain the sizable gain on this sale. The home’s scale and new construction are still unusual for single-family deals in the area, which helped push the final number above typical Midwood comps.
Jemal family footprint
Locally, the Jemal name is most closely tied to JJ Operating’s commercial real estate, but the Midwood deal highlights how the family moves between residential and commercial plays. Industry reporting notes that JJ Operating controls major assets, including a long-standing retail and office property at 2501 Grand Concourse in the Bronx where the family has arranged institutional financing. According to New York Real Estate Journal, Samuel Jemal and relatives co-own the Grand Concourse building and secured a $52.5 million mortgage on it in 2017.
What comes next
There is no public indication yet of what the buyer plans to do with 1151 East Seventh Street. It is unclear whether the home will be owner-occupied, flipped, or held as an investment. The Jemals did not immediately respond to requests for comment. The off-market setup and use of an LLC are typical of higher-end Brooklyn trades and keep the details largely in the shadows, making it tough to know if this sale signals a broader jump in single-family pricing in South Brooklyn or simply a one-off standout deal.
