Updated Sep 5, 2024
Klosed Properties Acquires Multifamily Property On Kingsland Ave
219 Kingsland Avenue
$3,150,000
$303/SF
Building Size
10,380 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The recent sale in Greenpoint involved a multifamily property located at 219 Kingsland Ave. The property spans a total of 10,380 square feet and was sold for a price of $3,150,000, resulting in a price per square foot of $303.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 219 Kingsland Ave.
- Market: Greenpoint
The buyer in this transaction was Klosed Properties, represented by Steven Kachanian and Adam Hajibai. The seller was the Gigante Family. The deal was facilitated by brokers Etan Hakimi and Issabella Mulic from Mitra Hakimi Realty Group.
Klosed Properties, a company actively seeking to expand its current portfolio, specializes in multifamily, mixed-use, and retail assets in the NY Metro area. For any opportunities, interested parties can contact Adam at 516-858-0024 or via email at [email protected].
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93