HawksBay Group Acquires Multifamily Building From Greg Fournier In Brooklyn Heights For $5.4M
32 Pierrepont Street
$5,400,000
$855/SF
Building Size
6,310 SF
Asset Type
MultiFamily
Closing
Aug 27, 2025
AI
The transaction involved a multifamily asset located at 32 Pierrepont Street in Brooklyn Heights, Brooklyn. The property consists of nine units with a total square footage of 6,310, selling for a total price of $5,400,000, which translates to $600,000 per unit and $856 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Address: 32 Pierrepont Street
- Market: Brooklyn Heights, Brooklyn
- Units: 9
- Price Per Unit: $600,000
- Square Footage: 6,310
- Price Per Square Foot: $856
- Buyer: HawksBay Group
- Seller: Greg Fournier - Greenbrook Partners
Greg Fournier represented Greenbrook Partners in the sale of the property to HawksBay Group, facilitating the transaction between the involved parties effectively.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93