facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

170 Java Street, Greenpoint...

LTNG NYC Acquires Multifamily Property In Greenpoint For $1.85M
SOLDMultiFamily

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

Michael Kopy

Ackman-Ziff

Broker

$28.2M

vol

3 deals

Broker
L
LTNG_NYCBuyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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