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183 Guernsey Street

Updated Feb 24, 2025

Jeff & Joseph Sutton Acquire Multifamily Property On Guernsey Street In Greenpoint For $2.3M
SOLDMultiFamily

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

About this deal

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

Michael Salvatico

Marcus & Millichap

Broker

$840.8M

vol

184 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker
Jeff Sutton

Jeff Sutton

Wharton Properties

Buyer

$5.6B

vol

58 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $332 per square foot on a published $2.3M for 7,000 square feet (2020).

Visit Michael (Mike) Salvatico to view all their deals.

Browse New York multifamily sales on Traded.

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

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