Moshe Greezweig Acquires Midwood Apartment Building From Peter Kraus For $5.28M

An apartment building located at 850 East 17th Street in Midwood, Brooklyn has been sold in a recent transaction. The property, with a zoning classification of R5B, offers a total of 42,000 square feet of space. The sale took place on March 24, 2022, and the buyer was Moshe Greezweig, while the seller was Peter Kraus. The transaction price for the property was $5,280,000, with a price per square foot of $125. The building sits on a lot with a size of 8,000 square feet, with dimensions of 80 feet by 100 feet.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $5,280,000
• Market: Midwood, Brooklyn
• Zoning: R5B
• Buyer: Moshe Greezweig
• Seller: Peter Kraus
• Square Footage: 42,000
• Price per Square Foot: $125
• Lot Size: 8,000 square feet
• Lot Dimension: 80 ft x 100 ft

In this transaction, Moshe Greezweig acquired the apartment building from Peter Kraus. The property offers 42,000 square feet of space and is situated in the Midwood market of Brooklyn. With a purchase price of $5,280,000, the buyer secured this asset based on the price per square foot of $125. The lot on which the building stands has dimensions of 80 feet by 100 feet, offering ample space for the apartment complex.