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Anthony Morena Of Mortar Group Acquires 8-Unit MultiFamily At 212 Huron Street For $3.2M
SOLD
$3,200,000
New York
See Similar DealsMultiFamily
Sold 05/15/2025
SOLD
Anthony Morena Of Mortar Group Acquires 8-Unit MultiFamily At 212 Huron Street For $3.2M
212 Huron Street
See Similar DealsMultiFamily
Sold 05/15/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family property located at 212 Huron Street in Greenpoint, Brooklyn has been sold. The property consists of 8 units and was purchased for a total of $3,200,000, resulting in a price per unit of $400,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,200,000
- Address: 212 Huron Street
- Market: Greenpoint, Brooklyn
- Units: 8
- Price per Unit: $400,000
- Buyer: Anthony Morena - Mortar Group
- Seller: James Vaneski
Mortar Group, represented by 212 Huron MG LLC, completed the acquisition of the property from James Vaneski, highlighting the partnership between the buyer's interests and the seller's ownership in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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