Jonas Equities buys another Brooklyn apartment building for $32M

Property at 2355 East 12th Street in Sheepshead Bay has 121 units

TRD New York /
Sep.September 24, 2018 02:30 PM

2355 East 12th Street in Brooklyn (Credit: Apartments)

Brooklyn multifamily investor Jonas Equities has purchased another building in the borough.

The company purchased a six-story, 121-unit apartment building at 2355 East 12th Street for $31.9 million, according to property records. R&C Management was the seller.

Representatives from Jonas Equities were not immediately available for comment.

The purchase is the latest in a string of recent buys for the company. Jonas Equities bought two apartment buildings in August at 1775 East 18th Street in Sheepshead Bay and 140 Ocean Parkway in Kensington for $46 million, and in July, the firm bought a 66-unit apartment building at 297 Lenox Road in Flatbush for $12.8 million.

A tenant sued a Jonas Equities affiliate in Brooklyn federal court last year over claims that the company had tried to illegally evict her family, but the tenant dismissed her case this past June.

Related Articles

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Long Island City, Queens (Credit: iStock)

Queens sale prices set record despite signs of trouble