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104 India Street, Greenpoin...

DAX Real Estate Acquires Multifamily Property On India Street In Greenpoint For $3.6M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Daniel Hedaya

Daniel Hedaya

DAX Real Estate

Buyer

$79.7M

vol

15 deals

Buyer

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