Anthony Morena Of Mortar Group Purchases 212 Huron Street Multifamily In Greenpoint For $3.175M
212 Huron Street
$3,175,000
$577/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
May 15, 2025
AI
The property asset involved in this transaction is a multifamily building located at 212 Huron Street in Greenpoint, Brooklyn. The sale price for this asset was $3,175,000, encompassing a total of 8 units. The building has a square footage of 5,500, resulting in a price per unit of $396,875 and a price per square foot of $577.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,175,000
- Address: 212 Huron Street
- Market: Greenpoint, Brooklyn
- Units: 8
- Square Footage: 5,500
- Price Per Unit: $396,875
- Price Per Square Foot: $577
- Buyer: Anthony Morena - Mortar Group
- Seller: James Sosa & James Veneski
- Broker Representatives: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)
The transaction involved the buyer, Anthony Morena from Mortar Group, acquiring the property from sellers James Sosa and James Veneski. The deal was facilitated by a team of broker representatives from Investment Property Realty Group, which included Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde.
Players
Brooklyn 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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93