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244 New York Avenue

Stuart Van Leenan Acquires Multifamily Asset At 95 Kingston Avenue & 244 New York Avenue For $3.85M
SOLDMultiFamily

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

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Brooklyn 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

7.80%

Cash-on-Cash

-2.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93