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144 Greenpoint Avenue, Broo...

Updated Dec 20, 2023

New York Multifamily Brokers Sell Mixed-Use Property In Greenpoint For $6.25M
SOLDMixed-use

New York Multifamily Brokers Sell Mixed-Use Property In Greenpoint For $6.25M

144 Greenpoint Avenue, Brooklyn, NY, USA

$6,250,000

$578/SF

Building Size

10,813 SF

Asset Type

Mixed-use

Closing

Jul 8, 2020

About this deal

AI

144 Greenpoint Avenue in Prime Greenpoint, Brooklyn has been sold in a recent transaction. This mixed-use asset, which includes a 2-story unimproved vacant landmarked commercial building, attracted significant interest during the marketing process. The property was ultimately sold for $6,250,000 on an as-is, non-contingent basis. The transaction had a total square footage of 10,813, resulting in a price per square foot of $578.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,250,000
  • Address: 144 Greenpoint Ave.
  • Market: Greenpoint, Brooklyn

The sale of 144 Greenpoint Avenue was facilitated by the brokerage team consisting of Shaun Riney, Michael Salvatico, Sam Leppo, and Alex Kalb from NewYorkMultifamily and MarcusMillichap_NY. Noteworthy individuals involved in the transaction include attorneys Ryan Miller of Kishner, Miller, Hines P.C and buyers counsel Doran Golubtchik of Goldberg Weprin Finkel Goldstein LLP, as well as lender Bert R. Dweck of Hirshmark Capital. Their expertise and professionalism ensured a smooth and timely completion of the deal, which closed within a 45-day TOE period.

Players

Michael Salvatico

Marcus & Millichap

Broker

$840.8M

vol

184 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $578 per square foot on a published $6.3M for 10,813 square feet (2020).

Visit Bert R. Dweck to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.54%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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