Updated Dec 19, 2023
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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