Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Greenpoint Multifamily For $3M
188 Green Street, Brooklyn, New York 11222, United States
$3,000,000
$727/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Aug 15, 2022
About this deal
AI
A multifamily property located at 188 Green St. in Greenpoint was recently sold for $3,000,000. The property spans a total of 4,125 square feet, resulting in a price per square foot of $727.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 188 Green St.
- Market: Greenpoint
The sale of the property was facilitated by Mike Salvatico, Shaun Riney, and Sam Leppo of Marcus & Millichap.
The multifamily sale at 188 Green Street, Brooklyn, New York 11222, United States in New York, New York sold for $3M in 2022. The building is 4,125 square feet, implying about 727 per square foot on the published price. Samuel (Sam) Leppo, Michael (Mike) Salvatico, Shaun Riney, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the New York, New York file for the 188 Green Street, Brooklyn, New York 11222, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 188 Green Street, Brooklyn, New York 11222, United States around 2022. Published consideration for 188 Green Street, Brooklyn, New York 11222, United States is $3M, dated 2022. Cite this Marcus & Millichap Brokers Sell Greenpoint Multifamily For $3M sale when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93