Parag Sawhney Acquires Multifamily In Greenpoint, Brooklyn For $3.175M
138 Noble Street
$3,175,000
$738/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Dec 7, 2023
AI
Located at 138 Noble Street in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 4 units and spans approximately 4,300 square feet. The sale price for this asset was $3,175,000, resulting in a per unit price of $793,750. The price per square foot was calculated at $738.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,175,000
- Units: 4
- Price per Unit: $793,750
- Square Footage: 4,300
- Price per Square Foot: $738
The buyer in this transaction was Parag Sawhney, while the seller was Andrew Baran. The deal was facilitated by the brokers John Barney and Gregory Melanson, representing Weber Frank Real Estate.
Players
Milford 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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93