Jeff & Joseph Sutton Acquire Multifamily Property On Guernsey Street In Greenpoint For $2.3M
183 Guernsey Street
$2,325,000
$332/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
AI
A multifamily property located at 183 Guernsey Street in Greenpoint has recently been sold for a total price of $2,325,000. The property offers 7,000 square feet of space, with a price per square foot of $332. This transaction involves a total of eight units, with an average price per unit of $290,625. The property falls under tax class 2B and is zoned as R6B.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Address: 183 Guernsey Street
- Market: Greenpoint
- Square Footage: 7,000
- Price per Square Foot: $332
- Number of Units: 8
- Price per Unit: $290,625
- Tax Class: 2B
- Zoning: R6B
The buyers in this transaction are Jeff and Joseph Sutton, while the seller is Mieczyslaw Zagorski. The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, and Mike Salvatico from NewYorkMultifamily.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93