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
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