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212 Huron Street

Anthony Morena Of Mortar Group Acquires 8-Unit MultiFamily At 212 Huron Street For $3.2M
SOLDMultiFamily

Anthony Morena Of Mortar Group Acquires 8-Unit MultiFamily At 212 Huron Street For $3.2M

212 Huron Street

$3,200,000

Building Size

Asset Type

MultiFamily

Closing

May 15, 2025

AI

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.

Players

Anthony Morena

Mortar Group

Buyer

$69.3M

vol

12 deals

Buyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93