LTNG NYC Acquires Multifamily Property In Greenpoint For $1.85M
170 Java Street, Greenpoint, Brooklyn, NY, USA
$1,850,000
$606/SF
Building Size
3,050 SF
Asset Type
MultiFamily
Closing
Apr 7, 2021
AI
The property at 170 Java St. in Greenpoint, Brooklyn has been sold in a recent transaction. The multifamily asset, with a total square footage of 3,050, was acquired by LTNG_NYC represented by Oded Ben-Nun, Alon Yaacoby, and Asaf Ben-Nun. The seller of the property was the Prunka Family Trust. The sale, facilitated by Michael Kopy of ckmanZiff, was closed at a price of $1,850,000. The price per square foot (PPSF) for the property is $606, and the building square footage (BSF) is 5,084.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Square Footage: 3,050
- Address: 170 Java St.
- Market: Greenpoint, Brooklyn
LTNG_NYC has enlisted the design expertise of _PaNYC to develop six bespoke condominium homes in Greenpoint, as mentioned by the buyer.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93