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320 Eckford Street

Marcel Fridman Acquires Greenpoint Multifamily From Bannon Family For $2.4M
SOLDMultiFamily

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

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

Marcel Fridman

Barcel Group

Broker

$451.5M

vol

141 deals

Broker

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