Updated Dec 19, 2023
Atul Thapliyal Acquires Multifamily Property On Jewel Street In Greenpoint, Brooklyn For $1.6M
117 Jewel Street, Greenpoint, Brooklyn, NY, USA
$1,611,000
$537/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Apr 20, 2021
About this deal
AI
Located at 117 Jewel Street in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The property is zoned R6B and offers a total of 3,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,611,000
- Address: 117 Jewel Street
- Market: Greenpoint, Brooklyn
- Zoning: R6B
The buyer of the property was Atul Thapliyal, while the seller was Stanley Ostarch. The deal was facilitated by Luke Sproviero, Corey Haynes, and Donal Flaherty from Bestreich Realty Group.
The property was sold for a price of $1,611,000, with a building square footage of 3,000. The price per square foot was $537. The property consists of four units, with a price per unit of $402,750.
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
9.85%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93