Updated Sep 9, 2024
Hanna Dadon Acquires Greenpoint Multifamily For $3.05M
230 Kingsland Avenue
$3,055,000
$626/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
About this deal
AI
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.
On the Map
$3,055,000
$626/SF
MultiFamily
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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
5.19%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93