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.
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