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320 10th Street

Updated Dec 29, 2025

Philip Kardos Purchases Multifamily Asset From Jeff Reyngach In Brooklyn For $3.4M
SOLDMultiFamily

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

Jeff Reyngach

Compass

Broker

$14.2M

vol

6 deals

Broker
Brown Harris Stevens
Brown Harris StevensBrokerage
Compass
CompassSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $850 per square foot on a published $3.4M for 4,000 square feet (2025).

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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

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