Adam Goodstein Of Seastone Capital And Greenmont Group Acquire Multifamily Asset In Brooklyn For $21.5M
364 Lincoln Place
$21,500,000
$419/SF
Building Size
51,288 SF
Asset Type
MultiFamily
Closing
Oct 8, 2025
AI
The property involved in the transaction is a MultiFamily asset located at 364 Lincoln Place in Brooklyn. The sale price was $21,500,000, with a total square footage of 51,288, resulting in a price per square foot of $419.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,500,000
- Address: 364 Lincoln Place
- Market: Brooklyn
- Square Footage: 51,288
- Price Per Square Foot: $419
- Buyer: Adam Goodstein - Seastone Capital; Eyal Greenberg, Josh Honig & Shawn Pandit - Greenmont Group
- Seller: Bennett Berger
- Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
Key individuals involved in the deal include the buyer Adam Goodstein representing Seastone Capital alongside Eyal Greenberg, Josh Honig, and Shawn Pandit from Greenmont Group. The seller of the property is Bennett Berger, while the transaction was facilitated by brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93