The Olofsky Family Acquires Package Deal Of 3 Buildings In Greenpoint For $5.1M
200 Calyer Street, Brooklyn, New York 11222, United States
$5,100,000
$454/SF
Building Size
11,228 SF
Asset Type
—
Closing
May 18, 2022
About this deal
AI
The package deal of three buildings located at 200, 202 & 204 Calyer Street in Greenpoint has been sold for $5,100,000. The transaction took place on May 19, 2022, and involved a total of 15 units. The price per unit was $340,000, and the combined square footage of the buildings was 11,228. The sale price per square foot was $454.
Summary of transation details
- Property Type: Package Deal (3 Building)
- Transaction Amount: $5,100,000
- Units: 15
- Price Per Unit: $340,000
- Square Footage: 11,228
- Price Per Square Foot: $454
- Market: Greenpoint
The Olofsky Family purchased the package deal from the Pettit Family. Representing the buyer was Michael Sherman from Baseline Real Estate Advisors, while Michael Zaccaria from Triple Mint acted as the seller's representative.
On the Map
$5,100,000
$454/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93