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42 Pilling Street

Updated Nov 10, 2025

Greenbrook Partners Purchases Multifamily Property From Shea Breur For $1.6M In Bushwick
SOLDMultiFamily

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

About this deal

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.

On the Map

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$1,600,000

$533/SF

MultiFamily

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Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$292.7M

vol

112 deals

Broker
Greenbrook Partners
Greenbrook PartnersBuyer
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Brooklyn MultiFamily Market Snapshot

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Deal FAQ

About $533 per square foot on a published $1.6M for 3,000 square feet (2025).

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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

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