Greenbrook Partners Purchases Multifamily Property From Shea Breur For $1.6M In Bushwick
42 Pilling Street
$1,600,000
$533/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Oct 28, 2025
AI
This multifamily asset, located at 42 Pilling Street in Bushwick, Brooklyn, was sold for $1,600,000. The property consists of 3 units and encompasses a total area of 3,000 square feet, translating to a price per unit of $533,333 and a price per square foot of $533.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 3
- Price Per Unit: $533,333
- Square Footage: 3,000
- Price Per Square Foot: $533
- Buyer: Greenbrook Partners
- Seller: Shea Breur
- Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds & Brian Davila - Investment Property Realty Group (IPRG)
The transaction involved key representatives from Investment Property Realty Group, with Derek Bestreich and Steve Reynolds leading the brokerage efforts alongside Tom Reynolds and Brian Davila, facilitating the sale between Greenbrook Partners and Shea Breur.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93