Updated Sep 9, 2024
Nathan Evelkin Acquires 18,910 SF Industrial Property In Greenpoint, NYC For $6M
270 Freeman Street
$6,000,000
$317/SF
Building Size
18,910 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
The industrial property located at 270 Freeman Street in Greenpoint, New York City has been sold in a closed transaction. The property spans approximately 18,910 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $317. The transaction took place on January 13, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Square Footage: 18,910
- Address: 270 Freeman Street, Greenpoint, New York City
- Market: Greenpoint, New York City
The buyer of the property is Nathan Evelkin, while the seller is Richard Leiter. DY Realty Group's Nikita Sigelakis represented both parties as the broker in this transaction.
Players
Market 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93