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236 Kingsland Ave, Brooklyn...

Updated Oct 29, 2024

Black Horse Capital Acquires Multifamily Property In Greenpoint, Brooklyn For $2.375M
SOLDMultiFamily

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.

Players

BC
Black Horse CapitalBuyer

Christopher Terlik

Black Horse Capital

Buyer

$6.6M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $48 per square foot on a published $2.4M for 48,750 square feet (2020).

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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

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