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James Riso Of Briarwood Organization Jobe Development And Jack Heaney Of Fulcrum Properties Acquire Multifamily In Bedford Stuyvesant For $6.41M

Property Image
SOLD
$6,410,108

New York

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MultiFamily44,736 SF
Sold 02/06/2026
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Property Image
SOLD

James Riso Of Briarwood Organization Jobe Development And Jack Heaney Of Fulcrum Properties Acquire Multifamily In Bedford Stuyvesant For $6.41M

20 Suydam Place & 37 Rochester Avenue

See Similar Deals
MultiFamily44,736 SF
Sold 02/06/2026

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$143
Total Square Footage:44,736 SF
Transaction Type:Sale

The transaction involves the sale of multifamily properties located at 20 Suydam Place and 37 Rochester Avenue, situated in the Bedford Stuyvesant area of Brooklyn. The sale price for these two elevator buildings was $6,410,108. The combined square footage of the properties is 22,368 square feet, which results in a price per square foot of $287.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,410,108
  • Address: 20 Suydam Place & 37 Rochester Avenue
  • Market: Bedford Stuyvesant, Brooklyn
  • Square Footage: 22,368
  • Price Per Square Foot: $287
  • Buyer: James Riso - Briarwood Organization, Jobe Development & Jack Heaney - Fulcrum Properties + Architecture
  • Seller: NYC Housing Partnership

The buyer group for this transaction includes James Riso representing Briarwood Organization, Jobe Development, and Jack Heaney representing Fulcrum Properties + Architecture. They acquired the properties from the NYC Housing Partnership, responsible for facilitating the sale.

Players

BUYER


Details

SOLD
IMAGE: 02/06/2026 ADDRESS: 20 Suydam Place & 37 Rochester Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Multifamily BUYER: James Riso - Briarwood Organization, Jobe Development & Jack Heaney - Fulcrum Properties + Architecture SELLER: NYC Housing Partnership SALE PRICE: $6,410,108 SF: 22,368 ~ PPSF: $287 NOTE: Briarwood Organization, Jobe Development and Fulcrum Properties + Architecture paid $6.4 million for two Bed-Stuy elevator buildings — 20 Suydam Place and 37 Rochester Avenue — from NYC Housing Partnership.

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Debt Service Coverage Ratio (DSCR)

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