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269 Eckford Street

Ariel Shalom Acquires 269 Eckford Street Multifamily In Greenpoint For $3.775M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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