Updated Oct 29, 2024
Black Horse Capital Acquires Multifamily Property In Greenpoint, Brooklyn For $2.375M
236 Kingsland Ave, Brooklyn, NY 11222, USA
$2,375,000
$48/SF
Building Size
48,750 SF
Asset Type
MultiFamily
Closing
Oct 4, 2020
About this deal
AI
Located in Greenpoint, Brooklyn, the multifamily property at 236 Kingsland Avenue has been sold in a recent transaction. The estate of Cecilia Markowski served as the seller in the deal, while Black Horse Capital, represented by Stefanie Rosenzweig and Christopher Terlik, acted as the buyer. The property was listed and facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, and Hakeem Lecky from the Bestreich Realty Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,375,000
- Market: Greenpoint, Brooklyn
- Buyer: Black Horse Capital – Stefanie Rosenzweig & Christopher Terlik
- Seller: Estate of Cecilia Markowski
- Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky - Bestreich Realty Group
This transaction highlights the involvement of key individuals and companies, showcasing their roles in the deal. The buyer, Stefanie Rosenzweig and Christopher Terlik from Black Horse Capital, recognized the value of the property and moved forward with the purchase. On the other side, the estate of Cecilia Markowski decided to sell the multifamily asset. Facilitating the transaction were Derek Bestreich, Luke Sproviero, Donal Flaherty, and Hakeem Lecky from the Bestreich Realty Group.
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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93