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
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