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
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