Updated Feb 21, 2025
Peak Capital Acquires Multifamily Property In Greenpoint For $3.3M
101 Greenpoint Ave Brooklyn, NY 11222, USA
$3,295,000
$506/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Nov 18, 2022
About this deal
AI
Located at 101 Greenpoint Avenue in the Greenpoint neighborhood, this recently closed transaction involved the sale of a multifamily property. The property spans 6,500 square feet and consists of 8 units. The sale price for this asset was $3,295,000, resulting in a price per unit of $411,875 and a price per square foot of $507.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,295,000
- Address: 101 Greenpoint Avenue
- Market: Greenpoint
- Buyer: Peak Capital - Alex Rabin & David Gomez
- Seller: Wos P. Konrad
- Brokers: Mike Salvatico, Shaun Riney & Sam Leppo - Marcus & Millichap NYM Group
Peak Capital, represented by Alex Rabin and David Gomez, acted as the buyer in this transaction. The seller was Wos P. Konrad. The deal was facilitated with the assistance of brokers Mike Salvatico, Shaun Riney, and Sam Leppo from Marcus & Millichap NYM Group. The property's attractive features include its prime location in Greenpoint, just steps from the G Train. Peak Capital is actively seeking value-add multi and mixed-use properties in Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, please contact Alex Rabin at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Samuel (Sam) Leppo to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93