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47 Franklin Street, Brookly...

Pir Granoff & Douglas Baillie Acquire Mixed-Use Property In Greenpoint, Brooklyn For $4.05M
SOLDMixed-use

Pir Granoff & Douglas Baillie Acquire Mixed-Use Property In Greenpoint, Brooklyn For $4.05M

47 Franklin Street, Brooklyn, NY 11222

$4,050,000

$720/SF

Building Size

5,625 SF

Asset Type

Mixed-use

Closing

Jun 14, 2020

AI

Located at 47 Franklin Street in Greenpoint, Brooklyn, this mixed-use property recently changed hands in a sale transaction. The deal was closed on 06/14/2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,050,000
  • Units: 5
  • Price per Unit: $810,000
  • Square Footage: 5,625
  • Price per Square Foot: $720
  • Market: Greenpoint, Brooklyn

The buyer, Pir Granoff and Douglas Baillie from Aperture Holdings, acquired the property from the seller, the Rzamek Family. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo, representing NewYorkMultifamily and MarcusMillichap_NY.

Players

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Pir Granoff

Pir Granoff

Aperture Holdings

Buyer

$33M

vol

9 deals

Buyer
AH
Aperture HoldingsBuyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93