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60 Diamond Street, Brooklyn...

Abe Cohen, Connor Domershick & Max Maleh Acquire Greenpoint Multifamily For $3M
SOLDMultiFamily

Abe Cohen, Connor Domershick & Max Maleh Acquire Greenpoint Multifamily For $3M

60 Diamond Street, Brooklyn, New York 11222, United States

$3,000,026

$666/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

May 9, 2022

AI

Located in Greenpoint, the multifamily property at 60 Diamond St. has been sold in a closed transaction. The property offers 6 units with a total of 4,500 square feet of space. The sale price for this transaction was $3,000,026, resulting in a price per unit of $500,004 and a price per square foot of $666.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,026
  • Address: 60 Diamond St.
  • Market: Greenpoint
  • Units: 6
  • Price per Unit: $500,004
  • Square Footage: 4,500
  • Price per Square Foot: $666

Abe Cohen, Connor Domershick, and Max Maleh were the buyers in this transaction. Representing the buyers was Joshua Malekan. The seller, Gregg Bonomi, was represented by Zachary Malekan of Venture Capital Properties.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$136.7M

vol

38 deals

Broker
Abe Cohen

Abe Cohen

Buyer

$106.9M

vol

19 deals

Buyer

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93