Updated Jul 17, 2025
SRMC Management Purchases Multifamily Property From James Turner For $2.39M In Brooklyn
236 East 28th Street
$2,390,000
$122/SF
Building Size
19,440 SF
Asset Type
MultiFamily
Closing
Jul 9, 2025
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 236 East 28th Street in the Brooklyn market. The sale price for this property was $2,390,000, encompassing a total square footage of 19,440, which results in a price per square foot of $122.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,390,000
- Address: 236 East 28th Street
- Market: Brooklyn
- Square Footage: 19,440
- Price per Square Foot: $122
- Buyer: SRMC Management
- Seller: James Turner
- Broker Representatives: Zachary Fuchs & Michael Weiser - GFI Realty Services
The transaction involved key individuals including buyer SRMC Management, which aimed to acquire the property, and seller James Turner, who facilitated the sale. Broker representatives Zachary Fuchs and Michael Weiser from GFI Realty Services played a significant role in finalizing the deal.
On the Map
$2,390,000
$122/SF
MultiFamily
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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
6.64%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93