---
schema_version: "secwatch.filing_event.v1"
accession: "0000014846-23-000047"
form_type: "8-K"
ticker: "BRT"
cik: "0000014846"
company_name: "BRT Apartments Corp."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:17:29.191098+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BRT terminates $62.5M multifamily acquisition; seller blocks return of $1.3M deposit

## Summary
- Contract to buy 238-unit multifamily property in Richmond, VA for ~$62.5M was terminated in December 2023.
- Company requested return of $1.3M down payment from escrow; seller claims default and is blocking the return.
- Company is pursuing return of deposit or revival of purchase contract at a reduced price, but no assurance of success.
- If down payment is not recouped, BRT will incur a loss on the transaction.
- Deal included assumption of $32M mortgage debt at 3.34% interest rate maturing in 2061.

## SEC filing metadata
- accession: 0000014846-23-000047
- form_type: 8-K
- ticker: BRT
- cik: 0000014846
- company_name: BRT Apartments Corp.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/14846/000001484623000047/0000014846-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/14846/000001484623000047/brt-20231226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000014846-23-000047
- JSON: https://secwatch.observer/filing/0000014846-23-000047.json
- Plain text: https://secwatch.observer/filing/0000014846-23-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.