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

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SOLD
$2,375,000

New York

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MultiFamily3,000 SF
Sold 06/30/2025
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Property Image
SOLD

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

920 Lorimer Street

See Similar Deals
MultiFamily3,000 SF
Sold 06/30/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$791
Total Square Footage:3,000 SF
Transaction Type:Sale

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
59 deals$158.4M volume(508) 365-8278
BROKER

Sean Mashihi
Block Real Estate Group
46 deals$123.2M volume(917) 999-6616
BROKER

Block Real Estate Group
BROKERAGE

Details

SOLD
IMAGE: Sean Mashihi & Gabriel Kates DATE: 6/30/2025 ADDRESS: 920 Lorimer Street MARKET: Greenpoint ASSET TYPE: Multifamily BUYER: Andrew Julian SELLER: Jessica Buscemi BROKERS: Sean Mashihi (@SeanMashh) & Gabriel Kates (@GabeKates) - Block Real Estate Group (@BlockRealEstateGroup) SALE PRICE: $2,375,000 UNITS: 3 ~ PPU: $791,666 SF: 3,000 ~ PPSF: $791

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$126,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54