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143 Noble Street, Brooklyn,...

Davean Holdings Acquires Multifamily Property In Brooklyn For $2.85M From Seller Anthony Kimkowski
SOLDMultiFamily

Davean Holdings Acquires Multifamily Property In Brooklyn For $2.85M From Seller Anthony Kimkowski

143 Noble Street, Brooklyn, NY 11222, USA

$2,850,000

$472/SF

Building Size

6,030 SF

Asset Type

MultiFamily

Closing

Sep 10, 2021

AI

The multifamily property located at 143 Noble Street in Brooklyn has been sold in a recent transaction. The property, with a total square footage of 6,030, is zoned as R6B and falls under tax class 2A. The sale price for this property was $2,850,000, with a price per square foot of $490. It consists of 4 units, making the price per unit $712,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Address: 143 Noble Street
  • Market: Brooklyn
  • Zoning: R6B
  • Tax Class: 2A

The buyer of the property is Davean Holdings, represented by Sean Lefkovits, David Lloyd, and Lance Lefkovits. The seller in this transaction is Anthony Kimkowski. Taylor Cohen from Spire Group acted as the broker in this deal.

It is worth noting that Davean Holdings purchased the property all-cash from long-term ownership. The property was delivered vacant at closing, and the buyer has plans for a full gut renovation. This transaction presents an opportunity to build a property with a cap rate exceeding 6% in the prime Greenpoint area of Brooklyn. For more information on deals, contact Davean Holdings at [email protected].

Players

Taylor Cohen

Broker

$5.1M

vol

2 deals

Broker
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Buyer

$295.5M

vol

34 deals

Buyer

New York 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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93