Updated Oct 12, 2026
Anthony Morena Acquires Multifamily Property In Greenpoint, Brooklyn For $2.9M
203 Richardson Street, Brooklyn, NY 11222
$2,900,000
$1,109/SF
Building Size
2,614 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
203 Richardson Street, located in Greenpoint, Brooklyn, was recently involved in a closed property transaction. The asset involved in this multifamily property, owned by landlord Anthony Morena, attracted the attention of lenders and brokers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Loan Amount: $2,900,000
- Term: 18 months – acquisition & renovation loan
- Lender: rosenthal''>Rosenthal & Rosenthal
- Landlord: Anthony Morena
- Broker: Michael Volpe - Highcap Group
The loan for this transaction, worth $2,900,000, was provided by Rosenthal & Rosenthal. Michael Volpe of Highcap Group represented the parties involved as the broker.
On the Map
$2,900,000
$1,109/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93