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
About this deal
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.
On the Map
$4,050,000
$720/SF
Mixed-use
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Players
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