Updated Dec 21, 2023
Benjamin Lantos Sells Multifamily Property On Java Street In Greenpoint For $1.7M
76 Java Street, Brooklyn, NY, USA
$1,700,000
$708/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
About this deal
AI
Located at 76 Java Street in Greenpoint, Brooklyn, this multifamily property recently closed in a sale transaction. The property spans 2,400 square feet and consists of three units. The sale price was $1,700,000, resulting in a price per square foot of $708. The seller of the property was Benjamin Lantos.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Square Footage: 2,400
- Units: 3
- Price per Square Foot: $708
Sam Leppo, Shaun Riney, and Mike Salvatico from Marcus & Millichap represented the seller, Benjamin Lantos, in the transaction. This sale marks the 2nd closing in the North Brooklyn portion of NYMF in the last week. @NewYorkMultifamily currently has 17 deals in contract in Greenpoint and Williamsburg alone. For more information on similar inventory, interested parties can reach out to @NewYorkMultifamily.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Samuel (Sam) Leppo to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93