Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,600,000
$333/SF
MultiFamily
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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