Pir Granoff & Douglas Baillie Acquire Mixed-Use Property In Greenpoint, Brooklyn For $4.05M
SOLD
$4,050,000
+ 1
New York
See Similar DealsMixed-use5,625 SF
Sold 06/14/2020
SOLD
Pir Granoff & Douglas Baillie Acquire Mixed-Use Property In Greenpoint, Brooklyn For $4.05M
47 Franklin Street, Brooklyn, NY 11222
See Similar DealsMixed-use5,625 SF
Sold 06/14/2020
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$720
Total Square Footage:5,625 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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