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138 Noble Street

Parag Sawhney Acquires Multifamily In Greenpoint, Brooklyn For $3.175M
SOLDMultiFamily

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

Gregory Melanson

Weber Frank Real Estate

Broker

$91.1M

vol

19 deals

Broker
Parag Sawhney

Parag Sawhney

Penn South Capital

Buyer

$175.5M

vol

23 deals

Buyer

Milford 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

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93