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920 Lorimer Street

Andrew Julian Acquires Multifamily Asset In Greenpoint From Jessica Buscemi For $2.375M
SOLDMultiFamily

Andrew Julian Acquires Multifamily Asset In Greenpoint From Jessica Buscemi For $2.375M

920 Lorimer Street

$2,375,000

$791/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jun 29, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 920 Lorimer Street in the Greenpoint market. The sale price was $2,375,000 for the asset, which comprises three units and spans 3,000 square feet. The price per unit was calculated at $791,666, with a price per square foot of $791.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,375,000
  • Units: 3
  • Square Footage: 3,000
  • Price per Unit: $791,666
  • Price per Square Foot: $791
  • Buyer: Andrew Julian
  • Seller: Jessica Buscemi
  • Broker Representatives: Sean Mashihi & Gabriel Kates - Block Real Estate Group
  • Date of Transaction: 6/30/2025

Andrew Julian acquired the property from Jessica Buscemi, with the transaction facilitated by brokers Sean Mashihi and Gabriel Kates, representatives from Block Real Estate Group. The involvement of these brokers indicates their role in representing the interests of their respective clients during this transaction.

Players

Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker
Block Real Estate Group
Block Real Estate GroupBrokerage

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.68%

Cash-on-Cash

-1.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93