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
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