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42 Driggs Avenue, Brooklyn,...

Marek Swiatkowski Sells Multifamily In Greenpoint For $2.2M With Brokers Hirschy Zaks & Itan Rahmani
SOLDMultiFamily

Marek Swiatkowski Sells Multifamily In Greenpoint For $2.2M With Brokers Hirschy Zaks & Itan Rahmani

42 Driggs Avenue, Brooklyn, New York 11222, United States

$2,200,000

$488/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

May 2, 2022

AI

A multifamily property located at 42 Driggs Ave. in Greenpoint has been sold for $2,200,000. The property consists of 6 units with a price per unit of $366,666. The total square footage of the property is 4,500, making the price per square foot $488.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 6
  • Price per Unit: $366,666
  • Square Footage: 4,500
  • Price per Square Foot: $488
  • Address: 42 Driggs Ave.
  • Market: Greenpoint

The sale was facilitated by Hirschy Zaks and Itan Rahmani of Marksmen, who represented the seller, Marek Swiatkowski. The brokers from Venture Capital Properties assisted in this transaction.

If you are interested in off-market properties or want to sell your property, you can contact Hirschy Zaks at [email protected] or by calling 212.213.7800 X 101. Itan Rahmani can be contacted at [email protected] or by calling 212.213.7800 X 120.

Players

Hirschy Zaks

Venture Capital Properties

Broker

$77M

vol

14 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93