Francis Greenburger Of Time Equities Purchases Multifamily Asset At 323 East 19th Street For $13.1M
323 East 19th Street
$13,100,000
$347/SF
Building Size
37,751 SF
Asset Type
MultiFamily
Closing
May 14, 2025
AI
The property asset involved in this transaction is a multifamily building located at 323 East 19th Street in Brooklyn. The transaction was completed for a sale price of $13,100,000. This asset comprises 38 units, totaling a square footage of 37,751, which reflects a price per unit of $344,736 and a price per square foot of $347.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,100,000
- Address: 323 East 19th Street
- Market: Brooklyn
- Units: 38
- Square Footage: 37,751
- Price Per Unit: $344,736
- Price Per Square Foot: $347
- Buyer: Francis Greenburger - Time Equities
- Seller: Barry Farkas
- Brokers: Yehoshua Shamel & Sylvia Spielman - GFI Realty Services
Key individuals involved in this deal include buyer Francis Greenburger from Time Equities and seller Barry Farkas. The transaction was facilitated by brokers Yehoshua Shamel and Sylvia Spielman from GFI Realty Services, representing the respective parties in this multifamily asset transaction.
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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93