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
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