Updated Oct 28, 2024
Doug Hammond Acquires Multifamily Property At 154 Engert Avenue In Greenpoint For $6.75M
154 Engert Avenue, Brooklyn, New York 11222, United States
$6,750,000
$1,384/SF
Building Size
4,874 SF
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
The recent closed property transaction in Greenpoint involved a multifamily asset located at 154 Engert Avenue. The property consists of 4 units with a total square footage of 4,874. The transaction took place on 06/06/2022, with a sale price of $6,750,000. This translates to a price per unit of $1,687,500 and a price per square foot of $1,384.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Address: 154 Engert Avenue
- Market: Greenpoint
The buyer, Doug Hammond, acquired the property from the seller, NPT Properties. This transaction showcases the demand for multifamily properties in the Greenpoint market. With a price per unit of $1,687,500, it reflects the strong investment potential of this asset.
Players
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93