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

Property Image
SOLD
$1,600,000
Steve Reynolds
Brian Davila
+ 1

New York

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MultiFamily3,000 SF
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Property Image
SOLD

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

42 Pilling Street

See Similar Deals
MultiFamily3,000 SF
Sold
Steve Reynolds
Brian Davila
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$533
Total Square Footage:3,000 SF
Transaction Type:Sale

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

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Tom Reynolds
Investment Property Realty Group (IPRG)
98 deals$292.3M volume(718) 360-8817
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

Greenbrook Partners
BUYER

Details

SOLD
IMAGE: Derek Bestreich & Steve Reynolds DATE: 10/29/2025 ADDRESS: 42 Pilling Street MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BUYER: Greenbrook Partners SELLER: Shea Breur BROKERS: Derek Bestreich, Steve Reynolds (@SteveReynoldsNYC), Tom Reynolds (@TomReynolds_CRE) & Brian Davila (@Vills25) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,600,000 UNITS: 3 ~ PPU: $533,333 SF: 3,000 ~ PPSF: $533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80