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43 Kingston Avenue

Nissim Vaknin Sells Six Unit Multifamily Building At 43 Kingston Avenue For $1.5M
SOLDMultiFamily

Nissim Vaknin Sells Six Unit Multifamily Building At 43 Kingston Avenue For $1.5M

43 Kingston Avenue

$1,500,000

$260/SF

Building Size

5,770 SF

Asset Type

MultiFamily

Closing

Mar 13, 2025

AI

This multifamily asset is located at 43 Kingston Avenue in Bedford-Stuyvesant, Brooklyn. The sale price for the property was $1,500,000. It consists of 6 units and encompasses a total area of 5,770 square feet, resulting in a price per unit of $250,000 and a price per square foot of $259. The building was delivered vacant.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 6
  • Square Footage: 5,770
  • Price Per Unit: $250,000
  • Price Per Square Foot: $259
  • Seller: Nissim Vaknin
  • Brokers: Christen Portelli & Ty Gallishaw - Highcap Group

Christen Portelli and Ty Gallishaw represented the transaction, providing brokerage services for the sale of the multifamily building. Their involvement facilitated the successful close of this deal in the multifamily sector.

Players

Christen Portelli

Highcap Group

Broker

$83.3M

vol

9 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93