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255 20th Street

George Poln Purchases Multifamily Property From Abe Saunders For $1.6M In Brooklyn
SOLDMultiFamily

George Poln Purchases Multifamily Property From Abe Saunders For $1.6M In Brooklyn

255 20th Street

$1,600,000

$662/SF

Building Size

2,416 SF

Asset Type

MultiFamily

Closing

Mar 29, 2026

AI

The property involved in this transaction is a multifamily asset located at 255 20th Street in Brooklyn. The sale price was $1,600,000, and the total square footage of the property is 2,416, resulting in a price per square foot of $662.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 255 20th Street
  • Market: Brooklyn
  • Broker: Jack Sardar - Tri State Commercial Realty
  • Buyer: George Poln
  • Seller: Abe Saunders

Jack Sardar from Tri State Commercial Realty represented the broker in this transaction, facilitating the sale between the buyer, George Poln, and the seller, Abe Saunders.

Players

Jack Sardar

Tri State Commercial Realty

Broker

$57.5M

vol

22 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93