facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

227 Kingsland Ave #229, Bro...

Ilan Rosenthal Acquires Kingsland Avenue Multi Family For $5.4M From 227 Kingsland LLC, Represented By Friedman-Roth Realty's Eric C. Roth
SOLDMultiFamily

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

Eric C. Roth

Friedman-Roth Realty

Broker

$6.4M

vol

3 deals

Broker
Bennat Berger

Bennat Berger

Seller

$37M

vol

5 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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