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Mcguinness Boulevard

Sean R. Kelly And Benjamin Vago Of Ariel Property Advisors Facilitate $11.15M Multifamily Sale In Greenpoint
SOLDMultiFamily

Sean R. Kelly And Benjamin Vago Of Ariel Property Advisors Facilitate $11.15M Multifamily Sale In Greenpoint

Mcguinness Boulevard

$11,150,000

$359/SF

Building Size

31,023 SF

Asset Type

MultiFamily

Closing

Mar 28, 2025

AI

The transaction involves a multifamily asset located at 287-299 McGuinness Boulevard in the Greenpoint market, consisting of three buildings with a total of 30 residential units. The total sale price for the property was $11,150,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $11,150,000
  • Address: 287-299 McGuinness Boulevard
  • Market: Greenpoint
  • Buildings: 3
  • Units: 30

The deal was represented by Sean R. Kelly, Esq. and Benjamin Vago, Esq. from Ariel Property Advisors, assisting in the transaction between the relevant parties.

Players

Sean R. Kelly, Esq.

Ariel Property Advisors

Broker

$529.8M

vol

56 deals

Broker

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

1.42%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93