Updated Sep 5, 2024
Danny Ohana Acquires Multifamily Property On Manhattan Avenue For $2.85M
1110 Manhattan Ave Brooklyn, NY 11222, USA
$2,850,000
$760/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
May 19, 2023
About this deal
AI
The multifamily property located at 1110 Manhattan Avenue in Greenpoint, Brooklyn has been sold for a price of $2,850,000. The property spans across 3,750 square feet and was sold at a price per square foot of $760.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 1110 Manhattan Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
The buyer in this transaction is Danny Ohana, while the seller is the Roque Family. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93