Updated Aug 31, 2026
Jody Kriss Purchases Multifamily Asset In Fort Greene Brooklyn For $16 Million From Fredrick Wiener
205 Ashland Place
$16,000,000
$639/SF
Building Size
25,032 SF
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 205 Ashland Place and 30 St. Felix Street in the Fort Greene neighborhood of Brooklyn. The sale was finalized for $16,000,000, with a total of 16 units. The property encompasses a total of 25,032 square feet, resulting in a price per unit of $1,000,000 and a price per square foot of $639.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Units: 16
- Price Per Unit: $1,000,000
- Square Footage: 25,032
- Price Per Square Foot: $639
- Buyer: Jody Kriss
- Seller: Fredrick Wiener
- Brokers: Donal Flaherty, Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring - Investment Property Realty Group
This transaction featured key individuals such as Jody Kriss, who was the buyer, and Fredrick Wiener, the seller. The deal was brokered by a team from Investment Property Realty Group, consisting of Donal Flaherty, Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring, who collectively represented the parties involved in this multifamily asset deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93