Ariel Shalom Acquires 269 Eckford Street Multifamily In Greenpoint For $3.775M
269 Eckford Street
$3,775,000
$445/SF
Building Size
8,483 SF
Asset Type
MultiFamily
Closing
Jun 19, 2024
AI
The multifamily asset located at 269 Eckford Street in Greenpoint, Brooklyn, has been sold for a total transaction value of $3,775,000. The property features three units and has a total square footage of 8,483. The price per unit reaches $1,258,333 and the price per square foot stands at $445.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,775,000
- Address: 269 Eckford Street
- Market: Greenpoint, Brooklyn
- Units: 3
- Price Per Unit: $1,258,333
- Square Footage: 8,483
- Price Per Square Foot: $445
- Buyer: Ariel Shalom - Arbie Real Estate Solutions
- Seller: Zenon Kulesza
- Broker Team: Shaun Riney, Michael Salvatico & Samuel Leppo - Marcus & Millichap
The transaction was conducted in collaboration with brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap. Notably, this sale was highlighted by a note from the broker indicating a sale price of $483 per buildable square foot for the development site in North Brooklyn. For further inquiries regarding active inventory or market updates, potential clients can contact Mike Salvatico or Sam Leppo directly through the provided phone numbers.
Players
Brooklyn 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
4.20%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93