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230 Kingsland Avenue

Hanna Dadon Acquires Greenpoint Multifamily For $3.05M
SOLDMultiFamily

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

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.

Players

Sean R. Kelly, Esq.

Ariel Property Advisors

Broker

$529.8M

vol

56 deals

Broker

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