Hanna Dadon Acquires Greenpoint Multifamily For $3.05M
SOLD
$3,055,000
New York
See Similar DealsMultiFamily4,875 SF
Sold 12/08/2021
SOLD
Hanna Dadon Acquires Greenpoint Multifamily For $3.05M
230 Kingsland Avenue
See Similar DealsMultiFamily4,875 SF
Sold 12/08/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$626
Total Square Footage:4,875 SF
Transaction Type:Sale
A multifamily property located at 230 Kinglsand Avenue in Greenpoint has been sold. The property consists of 6 units with a total square footage of 4,875. The sale price for this transaction was $3,055,000, resulting in a price per unit of approximately $509,166 and a price per square foot of around $626.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,055,000
- Address: 230 Kinglsand Avenue
- Market: Greenpoint
The buyer of the property is Hanna Dadon, and the seller is Keith Balis. The deal was facilitated by Sean R. Kelly Esq. and Benjamin Vago Esq. from Ariel Property Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,853.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,482.26
Annual Debt Service$173,787.10
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