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108 Calyer Street, Brooklyn...

Apeture Holdings Acquires 8-Unit Multifamily In Greenpoint For $4.8M
SOLDMultiFamily

Apeture Holdings Acquires 8-Unit Multifamily In Greenpoint For $4.8M

108 Calyer Street, Brooklyn, New York 11222, United States

$4,775,000

$681/SF

Building Size

7,008 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

The sale of a multifamily property in Greenpoint has been finalized. The property, located at 108 Calyer Street, was sold for a price of $4,775,000. The transaction took place on December 15, 2021. The property spans a total of 7,008 square feet, resulting in a price per square foot of $681. It consists of eight units, with each unit valued at approximately $596,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,775,000
  • Address: 108 Calyer Street
  • Market: Greenpoint

The buyer of the property is Apeture Holdings, represented by Douglass Baillie and Pir Granoff. On the other hand, the seller is Quality Capital, represented by Jay Hirsch. The transaction was facilitated by brokers Sam Schertz, Joseph Rosenfeld, and Baruch Edelkopf of Schuckman Realty. Notably, Sam Schertz and the Schuckman Team represented both the buyer and the seller in this deal. It should be noted that this is not the only closing that the Schuckman Team will handle by the end of the year, as there are more transactions on the horizon.

For any inquiries or information regarding real estate deals in the Tri-state area, interested parties can reach out to Sam Schertz and the rest of the Schuckman Team via email at [email protected].

Players

Sam Schertz

Schuckman Realty

Broker

$90.5M

vol

10 deals

Broker
Pir Granoff

Pir Granoff

Buyer

$33M

vol

9 deals

Buyer
QC
Quality CapitalSeller

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

3.32%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93