Updated Dec 29, 2025
Philip Kardos Purchases Multifamily Asset From Jeff Reyngach In Brooklyn For $3.4M
320 10th Street
$3,400,000
$850/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Dec 14, 2025
About this deal
AI
This multifamily property located at 320 10th Street in the Brooklyn market involves a transaction priced at $3,400,000. The asset consists of 2 units with a total square footage of 4,000, resulting in a price per unit of $1,700,000 and a price per square foot of $850.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Units: 2
- Square Footage: 4,000
- Price Per Unit: $1,700,000
- Price Per Square Foot: $850
- Buyer: Philip Kardos
- Seller: Jeff Reyngach
- Broker Representing Seller: Jeff Reyngach - Compass
- Broker Representing Buyer: Jay K. Overbye - Brown Harris Stevens
In this transaction, Jeff Reyngach serves a dual role as both the seller and the broker, facilitating the deal through Compass, while Jay K. Overbye represents the buyer, Philip Kardos, through Brown Harris Stevens.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93