Ilan Rosenthal Acquires Kingsland Avenue Multi Family For $5.4M From 227 Kingsland LLC, Represented By Friedman-Roth Realty's Eric C. Roth
227 Kingsland Ave #229, Brooklyn, NY 11222, USA
Building Size
119,000 SF
Asset Type
MultiFamily
Closing
Mar 27, 2018
AI
227-229 Kingsland Avenue, located in the Brooklyn market, was sold in a closed property transaction for a total price of $5,445,000. The multi-family asset spans across 11,900 square feet, resulting in a price per square foot of $457.50.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $5,445,000
- Address: 227-229 Kingsland Avenue, New York
- Market: Brooklyn
- Square Footage: 11,900 sf
- Price per Square Foot: $457.50
The buyer of 227-229 Kingsland Avenue is Ilan Rosenthal, while the seller is 227 Kingsland LLC, represented by Bennat Berger in the transaction. The deal was facilitated by Friedman-Roth Realty, with Eric C. Roth serving as the broker.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93