Updated Feb 16, 2024
Pasquale Family Sells Greenpoint Development Site On Meserole Ave. For $2M With Marcel Fridman - Barcel Group
161 Meserole Avenue, Brooklyn, New York 11222, United States
$2,000,000
$237/SF
Building Size
8,430 SF
Asset Type
MultiFamily
Closing
Mar 14, 2022
About this deal
AI
The development site located at 161 Meserole Ave in Greenpoint has been sold for $2,000,000. The property spans 7,500 square feet and has a price per buildable square foot (PPBSF) of $266. The sale was facilitated by Marcel Fridman of Barcel Group, representing the seller, the Pasquale Family.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,000,000
- Address: 161 Meserole Ave
- Market: Greenpoint
- BSF: 7,500
- PPBSF: $266
Marcel Fridman from Barcel Group played a key role as the broker in this sale transaction.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93