Aaron Kahen's KP Developers Acquires Mixed-Use Property On Greenpoint Avenue For $3M
157 Greenpoint Ave Brooklyn, NY 11222, USA
$3,000,000
$506/SF
Building Size
5,928 SF
Asset Type
Mixed-use
Closing
Sep 8, 2023
About this deal
AI
A mixed-use property located at 157 Greenpoint Avenue in Greenpoint, Brooklyn has been sold for $3,000,000. The property spans 5,928 square feet, resulting in a price per square foot of $506.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Date: 09/08/2023
- Address: 157 Greenpoint Avenue
- Market: Greenpoint, Brooklyn
- Buyer: Aaron Kahen - KP Developers
- Seller: Walter Besser
Aaron Kahen of KP Developers has purchased the property from Walter Besser. The transaction represents a significant investment in the greenpoint real estate market. For more information about leasing the retail portion of the property, interested parties can contact KP Developers at [email protected] or 718-740-4222.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93