Ari Harkov Of Brown Harris Stevens Acquires Multifamily Property In Greenpoint, Brooklyn For $4.55M
236 Kingsland Avenue, Brooklyn, NY 11222
$4,550,000
$933/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
AI
Located at 236 Kingsland Avenue in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 6 units with a total square footage of 4,875. The sale price for this transaction was $4,550,000, resulting in a price per unit of $758,333 and a price per square foot of $933.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 236 Kingsland Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
Ari Harkov from Brown Harris Stevens represented the buyer in this transaction. Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes from Bestreich Realty Group (BRG) represented the seller.
Players
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93