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855 East 19th Street, Brook...

Updated Dec 21, 2023

Moshe Greezweig Acquires Midwood Apartment For $8.5M From Peter Kraus
SOLDMultiFamily

Moshe Greezweig Acquires Midwood Apartment For $8.5M From Peter Kraus

855 East 19th Street, Brooklyn, New York 11230, United States

$8,500,000

$110/SF

Building Size

76,860 SF

Asset Type

MultiFamily

Closing

Mar 23, 2022

About this deal

AI

The apartment building located at 855 East 19th Street in Midwood, Brooklyn has been sold in a recent transaction. The property is zoned as R7A and consists of 76,860 square feet of space. The sale took place on March 24, 2022, and the buyer is Moshe Greezweig while the seller is Peter Kraus. The transaction price was $8,500,000, with a building square footage (BSF) of 76,860 and a price per building square footage (PPBSF) of $110. The lot size is 14,700 square feet, and the lot dimensions are 122 feet by 120 feet. The property has a historical alteration permit issued on May 29, 1992.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $8,500,000
  • Buyer: Moshe Greezweig
  • Seller: Peter Kraus
  • Market: Midwood, Brooklyn
  • Zoning: R7A

Moshe Greezweig represented the buyer in this deal. The apartment building located at 855 East 19th Street offers a unique investment opportunity in the Midwood, Brooklyn market. With its attractive price per square foot and spacious lot size, this property presents potential for future development or renovation projects. It is worth noting that the property has a historical alteration permit dating back to 1992, which adds to its value and potential for customization.

On the Map

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$8,500,000

$110/SF

MultiFamily

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Players

Moshe Greezweig

Buyer

$13.8M

vol

2 deals

Buyer

Peter Kraus

Seller

$55.7M

vol

3 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $110 per square foot on a published $8.5M for 76,860 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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