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

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.