Findlay Parke & Anne Francois-Poncet Acquire Multifamily Asset In Brooklyn For $5.6M
133 Fort Greene Place
$5,600,000
$1,296/SF
Building Size
4,320 SF
Asset Type
MultiFamily
Closing
Jan 15, 2025
AI
This multifamily property, located at 133 Fort Greene Place in Brooklyn, was sold for $5,600,000. The asset encompasses a total area of 4,320 square feet, resulting in a price per square foot of $1,296. The transaction highlights the demand for multifamily homes in the Brooklyn market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- Buyer: Findlay Parke & Anne Francois-Poncet
- Seller: Ashwani Puri & Aparna Puri
- Brokers: Ian Mednick & Paul Hyun - Compass
- Sale Date: 01/15/2025
- Previous Sale Price in 2021: $4,720,000
- Square Footage: 4,320
- Price Per Square Foot: $1,296
The brokerage team of Ian Mednick and Paul Hyun from Compass was instrumental in the transaction, showcasing their ability to navigate the competitive real estate market effectively. Their prior experience with the property in 2021 allowed them to provide valuable insights into its appreciation over time, facilitating a successful sale for their clients.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93