Updated Dec 4, 2024
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].
Players
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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