Compass Sells Mixed-Use Property In Greenpoint For $3.2M
SOLD
$3,200,000
New York
See Similar DealsMixed-use5,750 SF
Sold 06/29/2022
SOLD
Compass Sells Mixed-Use Property In Greenpoint For $3.2M
57 Driggs Avenue, Brooklyn, New York 11222, United States
See Similar DealsMixed-use5,750 SF
Sold 06/29/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$556
Total Square Footage:5,750 SF
Transaction Type:Sale
The mixed-use property located at 57 Driggs Ave in Greenpoint was recently sold for a sale price of $3,200,000. The property spans 5,750 square feet, resulting in a price per square foot of $557. The transaction took place on June 29, 2022, and was facilitated by Jeff Valcourt from Compass.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Square Footage: 5,750
- Price per Square Foot: $557
- Date: June 29, 2022
- Address: 57 Driggs Ave
- Market: Greenpoint
Jeff Valcourt from Compass played a key role as the broker in this transaction. He represented the parties involved in the deal, ensuring a successful sale of the mixed-use property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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