Aaron Maleh Acquires 328 Madison Street Multifamily Property From Sam Kooris For $1.2M

The transaction involved a multifamily asset located at 328 Madison Street in Brooklyn. The property was sold for $1,200,000, encompassing a total area of 7,580 square feet, resulting in a price per square foot of $158.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Address: 328 Madison Street
• Market: Brooklyn
• Square Footage: 7,580
• Price Per Square Foot: $158
• Buyer: Aaron Maleh
• Seller: Sam Kooris
• Brokers: Shaun Riney & Daniel Greenblatt - Marcus & Millichap

The transaction was facilitated by brokers Shaun Riney and Daniel Greenblatt, who previously sold the property 13 years ago for the same price. The asset was refinanced in 2015 for $1.6 million and had an appraisal as high as $3.0 million. The 2026 sale occurred as an all-cash quick close short sale, achieving approximately a 9% cap rate on billed rents.