Shaun Riney Acquires Multifamily Property In Greenpoint, Brooklyn For $1.7M

A multifamily property located at 128 Guernsey Street in Greenpoint, Brooklyn has been sold in a recent transaction. The property consists of 6 units with a total square footage of 5,250. The sale price for the property was $1,700,000, resulting in a price per unit of $283,333 and a price per square foot of $324.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 128 Guernsey Street, Greenpoint, Brooklyn
• Market: Greenpoint, Brooklyn
• Buyer: Shaun Riney
• Seller: Estate of Carmen Valentine
• Brokers: Alessandro Silaco & James Bogan - The Corcoran Group
• Units: 6
• Price per Unit: $283,333
• Square Footage: 5,250
• Price per Square Foot: $324

The buyer in this transaction is Shaun Riney. The seller is the Estate of Carmen Valentine. The deal was facilitated by brokers Alessandro Silaco and James Bogan from The Corcoran Group.

It's worth noting that 100% of the units in the property are rent-stabilized. Shaun Riney, the buyer, expressed their intention to continue investing in predominantly rent-stabilized properties in New York City's top sub-markets. They can be reached at 212-920-6651 or via email at [email protected] for any market price offerings. Additionally, the buyer secured 60% loan-to-value (LTV) financing with the assistance of Stephen Fillippo of Marcus & Millichap Capital Corporation.