Stuart Van Leenan Acquires Multifamily Asset At 95 Kingston Avenue & 244 New York Avenue For $3.85M
244 New York Avenue
$2,035,000
$254/SF
Building Size
7,984 SF
Asset Type
MultiFamily
Closing
Sep 10, 2025
AI
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.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.80%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93