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210 Green Street, Brooklyn,...

Updated Dec 19, 2023

Bestreich Realty Group Acquires Multifamily Property In Greenpoint, Brooklyn For $2.1M
SOLDMultiFamily

Bestreich Realty Group Acquires Multifamily Property In Greenpoint, Brooklyn For $2.1M

210 Green Street, Brooklyn, New York 11222, United States

$2,100,000

$466/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

May 12, 2022

About this deal

AI

Located in Greenpoint, Brooklyn, the multifamily property at 210 Green St. has recently been sold for a price of $2,100,000. This transaction, facilitated by the brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, and Corey Haynes from Bestreich Realty Group (BRG), took place on May 13, 2022. The property consists of six units, with a price per unit (PPU) of $350,000. The total square footage of the property is approximately 4,500, resulting in a price per square foot (PPSF) of $466.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 210 Green St.
  • Market: Greenpoint, Brooklyn
  • Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty & Corey Haynes - Bestreich Realty Group (BRG)
  • Units: 6
  • PPU: $350,000
  • SF: 4,500
  • PPSF: $466

The involvement of Derek Bestreich, Luke Sproviero, Donal Flaherty, and Corey Haynes from Bestreich Realty Group (BRG) was instrumental in the successful sale of the property. Their expertise and negotiation skills helped facilitate the transaction, resulting in the final sale price of $2,100,000. This deal showcases the strong presence and impact of Bestreich Realty Group (BRG) in the Greenpoint market.

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$256.5M

vol

64 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$400.2M

vol

105 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $466 per square foot on a published $2.1M for 4,500 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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