Updated Sep 9, 2024
Marcel Fridman Acquires Greenpoint Multifamily From Bannon Family For $2.4M
320 Eckford Street
$2,400,000
$492/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The property at 320 Eckford St. in Greenpoint has been sold in a recent transaction. The multifamily asset consists of six units with a total square footage of 4,875. The sale price for the property was $2,400,000, resulting in a per unit price of $400,000. The price per square foot was calculated to be $492.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 320 Eckford St.
- Market: Greenpoint
In this deal, the seller was the Bannon Family. The buyer was represented by Marcel Fridman, who acted as the buyer’s representative. On the other hand, Robert Napolitano and Jessie Lookfong from Capri Jet Realty served as the seller’s representatives.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93