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205 Ashland Place

Updated Aug 31, 2026

Jody Kriss Purchases Multifamily Asset In Fort Greene Brooklyn For $16 Million From Fredrick Wiener
SOLDMultiFamily

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:

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.

On the Map

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$16,000,000

$639/SF

MultiFamily

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Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$651.3M

vol

151 deals

Broker
Donal Flaherty
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Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$469M

vol

108 deals

Broker

Jody Kriss

Buyer

$191.1M

vol

7 deals

Buyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $639 per square foot on a published $16M for 25,032 square feet (2026).

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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

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