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180 Huron Street

Updated Dec 4, 2024

Aaron Kahen Acquires Multifamily Property At 180 Huron Street, Greenpoint, Brooklyn From Walter Besser For $2.5M
SOLDMultiFamily

Aaron Kahen Acquires Multifamily Property At 180 Huron Street, Greenpoint, Brooklyn From Walter Besser For $2.5M

180 Huron Street

$2,500,000

$354/SF

Building Size

7,063 SF

Asset Type

MultiFamily

Closing

Dec 8, 2023

About this deal

AI

The property involved in this transaction is a multifamily building located at 180 Huron Street in Greenpoint, Brooklyn. The sale took place on December 8, 2023, with a purchase price of $2,500,000. The building consists of 5 units, resulting in a price per unit of $500,000. It has a total area of 7,063 square feet, equating to a price per square foot of $354.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 5
  • Price per Unit: $500,000
  • Total Square Feet: 7,063
  • Price per Square Foot: $354

The buyer in this transaction is Aaron Kahen, while the seller is Walter Besser. Aaron Kahen has expressed an interest in expanding and is actively looking for properties in the Bronx, Brooklyn, Queens, and Manhattan. It's worth noting that there is a commercial space available for lease nearby at 157 Greenpoint Ave. The space was previously used for medical purposes and offers 1,700 square feet on the ground floor and 1,100 square feet on the lower level. All uses for the space are considered, and interested parties can reach out to Aaron Kahen at [email protected].

On the Map

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$2,500,000

$354/SF

MultiFamily

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Players

Aaron Kahen

KP Developers

Buyer

$14.5M

vol

7 deals

Buyer

Walter Besser

Seller

$5.5M

vol

2 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $354 per square foot on a published $2.5M for 7,063 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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