DAX Real Estate Acquires Multifamily Property On India Street In Greenpoint For $3.6M
104 India Street, Greenpoint, Brooklyn, NY, USA
$3,600,000
$433/SF
Building Size
8,300 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
AI
The multifamily property located at 104 India Street in Greenpoint has been sold. The transaction took place on November 5, 2021. The property is zoned as R6B and spans 8,300 square feet. It consists of 8 units, with a sale price of $3,600,000. The price per square foot is $433, and the price per unit is $450,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 104 India Street
- Market: Greenpoint
- Zoning: R6B
DAX Real Estate, represented by Daniel Hedaya and Max Seibald, purchased the property from The Jarzabeck Family. The sale was facilitated by brokers Shaun Riney, Mike Salvatico, and Sam Leppo of Marcus & Millichap.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93