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181 McGuinness Blvd Brookly...

Updated Sep 5, 2024

Felkner Family Sells Multifamily Property In Greenpoint, Brooklyn For $2.55M With Marcel Fridman - Barcel Group
SOLDMultiFamily

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

Marcel Fridman

Barcel Group

Broker

$468.3M

vol

146 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $566 per square foot on a published $2.6M for 4,500 square feet (2023).

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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

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