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236 Kingsland Avenue, Brook...

Ari Harkov Of Brown Harris Stevens Acquires Multifamily Property In Greenpoint, Brooklyn For $4.55M
SOLDMultiFamily

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

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93