Stuart Van Leenan Acquires Multifamily Asset At 95 Kingston Avenue & 244 New York Avenue For $3.85M
SOLD
$2,035,000
New York
See Similar DealsMultiFamily7,984 SF
Sold 09/11/2025
SOLD
Stuart Van Leenan Acquires Multifamily Asset At 95 Kingston Avenue & 244 New York Avenue For $3.85M
244 New York Avenue
See Similar DealsMultiFamily7,984 SF
Sold 09/11/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$254
Total Square Footage:7,984 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 95 Kingston Avenue and 244 New York Avenue in Brooklyn. It was sold for $3,850,000 and consists of 16 units with a total square footage of 15,752, resulting in a price per unit of $240,625 and a price per square foot of $244.41.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Units: 16
- Square Footage: 15,752
- Price Per Unit: $240,625
- Price Per Square Foot: $244.41
- Buyer: Stuart Van Leenan
- Broker: Matt Fotis - Marcus & Millichap
- Date of Transaction: 9/11/2025
Stuart Van Leenan was the buyer in this transaction, while Matt Fotis represented the seller through his agency, Marcus & Millichap. The sale reflects specific market dynamics and involvement from established professionals in the real estate sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,229.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,646.94
Annual Debt Service$115,763.26
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