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
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