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57 Driggs Avenue, Brooklyn,...

Compass Sells Mixed-Use Property In Greenpoint For $3.2M
SOLDMixed-use

Compass Sells Mixed-Use Property In Greenpoint For $3.2M

57 Driggs Avenue, Brooklyn, New York 11222, United States

$3,200,000

$556/SF

Building Size

5,750 SF

Asset Type

Mixed-use

Closing

Jun 28, 2022

AI

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.

Players

Jeff Valcourt

Compass

Broker

$13.9M

vol

6 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93