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105 Greenpoint Ave, Brookly...

Alberto Smeke Acquires 52-Unit Multifamily Property In Williamsburg, Brooklyn
SOLDMultiFamily

Alberto Smeke Acquires 52-Unit Multifamily Property In Williamsburg, Brooklyn

105 Greenpoint Ave, Brooklyn, NY 11222, USA

$29,000,000

$75/SF

Building Size

385,600 SF

Asset Type

MultiFamily

Closing

Jan 5, 2020

AI

A multifamily property located at 105-115 Greenpoint Avenue in Williamsburg, Brooklyn has been sold. The property spans a total area of 38,560 square feet and consists of 52 units. The transaction took place on 01/06/2020, with an asking price of $31,995,000 and a final sale price of $29,000,000. This translates to a price per square foot of $752 and a price per unit of $557,692.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $29,000,000
  • Address: 105-115 Greenpoint Avenue, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Square Footage: 38,560
  • Price per Square Foot: $752
  • Number of Units: 52
  • Price per Unit: $557,692

The seller of the property was David Slaven, while the buyer was Alberto Smeke. The transaction was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Shaun Riney, and Mike Salvatico.

Players

Michael Salvatico

Marcus & Millichap

Broker

$798.5M

vol

176 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93