Updated Sep 5, 2024
Felkner Family Sells Multifamily Property In Greenpoint, Brooklyn For $2.55M With Marcel Fridman - Barcel Group
181 McGuinness Blvd Brooklyn, NY 11222, USA
$2,550,000
$566/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Sep 1, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 181 Mcguinness Boulevard in the Greenpoint neighborhood of Brooklyn. The property consists of 6 units with a total square footage of 4,500. The sale price of the property was $2,550,000, with a price per unit of $425,000 and a price per square foot of $567.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 181 Mcguinness Boulevard
- Market: Greenpoint, Brooklyn
- Seller: Felkner Family
- Seller's Broker: Marcel Fridman - Barcel Group
- Units: 6
- Price per Unit: $425,000
- Square Footage: 4,500
- Price per Square Foot: $567
The seller of the property was the Felkner Family, with Marcel Fridman from the Barcel Group acting as their broker. This transaction represents a significant investment opportunity in the Greenpoint market, offering a multifamily property with a strong potential for rental income.
Players
Market 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93