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HawksBay Group Acquires Multifamily Building From Greg Fournier In Brooklyn Heights For $5.4M
SOLD
$5,400,000
New York
See Similar DealsMultiFamily6,310 SF
Sold 08/27/2025
SOLD
HawksBay Group Acquires Multifamily Building From Greg Fournier In Brooklyn Heights For $5.4M
32 Pierrepont Street
See Similar DealsMultiFamily6,310 SF
Sold 08/27/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$855
Total Square Footage:6,310 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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