---
title: "GO Residential REIT Completes $109M Brooklyn Apartment Building Acquisition"
url: https://burnaze.com/article/5ab682a6-fceb-41cc-b07c-ca12f9fc8bf7
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/go-residential-reit-brooklyn-409-eastern-parkway/
author: "Amanda Schiavo"
category: "Real estate"
industry: "Business Services"
segment: "Real estate"
topics: ["Finance & M&A"]
published: 2026-07-21T16:53:48.000Z
modified: 2026-10-31T13:17:06.209Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/409-Eastern-Parkway-credit-Tdorante10-CC-BY-SA-4.0-via-Wikimedia-Commons-WEB.jpg?quality=80&resize=1200%2C630&strip=
---

# GO Residential REIT Completes $109M Brooklyn Apartment Building Acquisition

**TL;DR:** GO Residential REIT has completed its acquisition of an 81% stake in a 186-unit residential building at 409 Eastern Parkway in Brooklyn for $109 million. The deal is part of the company's buying spree, which has included several other residential properties in New York City.

*By Amanda Schiavo, originally published in Commercial Observer on 2026-07-21. [Read the original](https://commercialobserver.com/2026/07/go-residential-reit-brooklyn-409-eastern-parkway/).*

## Key facts

- GO Residential REIT acquired 81% of 409 Eastern Parkway for $109M
- The property has 186 units and 3 retail units
- GO's portfolio will have 2,731 residential units after the acquisition

## Story

**GO Residential REIT** has been on a bit of a buying spree this year, and it just completed its previously announced acquisition of an approximately 81 percent managing interest in a multifamily building in Crown Heights, Brooklyn.

The real estate investment trust, using the LLC **GO 409**, acquired control of the 186-unit residential building at **409 Eastern Parkway** for $109 million, according to property records made public Monday. GO purchased the stake from a trio of sellers: **FBE Limited**, **Adam America Real Estate** and **Zev Marmurstein**. Adam America will retain a 19 percent stake in the property.

The deal, first announced in March, closed July 1 and was recorded July 20, records show. The property has 197,395 square feet of built space and three ground-floor retail units. PincusCo first reported the sale.

Current retail tenants at the 11-story building include restaurant **Cornbread Brooklyn** and physical therapy clinic **JAG Physical Therapy**.

## Property details

The property has a tax exemption status under the now-sunsetted 421-a program, PincusCo noted. The tax exemption status took effect in 2020, and will expire in 2056.

**Max Kaufman**, chief operating officer at GO, signed the deal for the buyer, records show. **Yehoshua Fruchthandler**, a managing member at FBE Limited, **Florin Radu**, chief commercial officer at Adam America, and Marmurstein signed the deal for the sellers. A **CBRE** team of **Doug Middleton**, **Ariel Aber**, **Daniel Kaplan** and **Pierre Hills** represented the sellers.

The buyer has been busy scooping up residential properties around the city. Earlier this year, GO acquired **350 West 43rd Street** — also known as **Ivy Tower** — from **Friedman Management**, as well as **411 West 35th Street** and **444 West 35th Street** from **Maddd Equities**, Commercial Observer reported in February. The firm acquired the properties for a total of $380.5 million.

## Portfolio growth

It’s also in contract to acquire the 209-unit residential portion of **7 Dey Street** in the Financial District from **SL Green Realty**.

Following GO’s acquisition in Crown Heights, the REIT’s portfolio will comprise 2,731 residential units, up 7 percent from the end of June, according to the firm.

“409 Eastern Parkway complements our portfolio of distinctive amenity-rich luxury high-rise properties in New York City,” **Joshua Gotlib**, CEO of GO, said in a statement. “Brooklyn is New York City’s most populous borough with over 2.7 million residents, and as the borough continues to expand its commercial and residential presence, we expect it to provide us with additional opportunities for growth.”

Keywords: 350 West 43rd Street, 409 Eastern Parkway, 411 West 35th Street, 444 West 35th Street, Ariel Aber, Daniel Kaplan, Doug Middleton, Florin Radu, Joshua Gotlib, Max Kaufman, Pierre Hills, Yehoshua Fruchthandler, Adam America Real Estate, CBRE, FBE Limited, GO Residential REIT

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- CBRE (company)
- Amanda Schiavo (person)
- property acquisition (topic)
- Daniel Kaplan (person)
- GO Residential REIT (company)
- Doug Middleton (person)
- Joshua Gotlib (person)
- brooklyn real estate (topic)
- GO 409 (company)
- FBE Limited (company)

---
Originally reported by Amanda Schiavo, Commercial Observer (https://commercialobserver.com/2026/07/go-residential-reit-brooklyn-409-eastern-parkway/). Summarized by Burnaze (https://burnaze.com/article/5ab682a6-fceb-41cc-b07c-ca12f9fc8bf7).