Updated Oct 29, 2024
Silvershore Sells MultiFamily Property On Kingsland Avenue In Greenpoint, Brooklyn To Manjula Mukhopadhyay
196 Kingsland Ave, Brooklyn, NY 11222, USA
$1,800,000
$436/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
About this deal
AI
The multi-family property located at 196 Kingsland Avenue in Greenpoint, Brooklyn has been sold in a closed transaction. The property spans 4,125 square feet and was sold at a price of $1,800,000, resulting in a price per square foot of $436. The transaction took place in the market of Greenpoint, Brooklyn in New York City.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,800,000
- Address: 196 Kingsland Avenue
- Market: Greenpoint, Brooklyn
- City: New York City
- Square Footage: 4,125
- Price per Square Foot: $436
The seller of the property was Silvershore, represented by David Shorenstein. The buyer, on the other hand, was Manjula Mukhopadhyay. Both sides of the deal were represented by broker Rich Velotta.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93