Updated Jan 9, 2026
Long Zhang Acquires Multifamily Property In New York City For $2.89M
29 3rd Pl Brooklyn, NY 11231, USA
$2,899,000
$953/SF
Building Size
3,040 SF
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
An multifamily property located at 29 3rd Place in New York City has been sold for $2,899,000. The property consists of 2 units with a total square footage of 3,040. The price per unit is $1,449,500 and the price per square foot is $954.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,899,000
- Units: 2
- Price Per Unit: $1,449,500
- Square Footage: 3,040
- Price Per Square Foot: $954
The buyer of the property is Long Zhang, while the seller is Illiano Gennaro. The transaction was facilitated by Billy Apter and Vito Angelo from Remax.
New York 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93