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169 Greenpoint Avenue, Broo...

Bestreich Realty Group Sells Multifamily Property In Greenpoint, Brooklyn For $1.6M
SOLDMultiFamily

Bestreich Realty Group Sells Multifamily Property In Greenpoint, Brooklyn For $1.6M

169 Greenpoint Avenue, Brooklyn, NY 11222

$1,600,000

$333/SF

Building Size

4,800 SF

Asset Type

MultiFamily

Closing

Dec 17, 2021

AI

The multifamily property located at 169 Greenpoint Ave in Greenpoint, Brooklyn has been sold for $1,600,000. The transaction took place on December 17, 2021, and involved the Ashenfarb Family as the seller. The property consists of 8 units, with a price per unit of $200,000. The total square footage of the property is 4,800, resulting in a price per square foot of $333.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 169 Greenpoint Ave, Brooklyn
  • Market: Greenpoint, Brooklyn

The sale was facilitated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes, who represent Bestreich Realty Group (BRG). They acted as the seller's brokers in this transaction, ensuring a successful sale of the property.

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93