Cushman & Wakefield Facilitates $3.25M Sale Of Multifamily Property In Greenpoint
SOLD
$3,250,000
+ 2
New York
See Similar DealsMultiFamily6,875 SF
Sold 06/02/2023
SOLD
Cushman & Wakefield Facilitates $3.25M Sale Of Multifamily Property In Greenpoint
52 Monitor St Brooklyn, NY 11222, USA
See Similar DealsMultiFamily6,875 SF
Sold 06/02/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:6,875 SF
Transaction Type:Sale
In a recent closed property transaction in the Greenpoint market, a multifamily asset located at 52 Monitor Street was sold. The property consists of 8 units with a total square footage of 6,875. The sale price for this transaction was $3,250,000, resulting in a price per unit of $406,250 and a price per square foot of $473.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 52 Monitor Street
- Market: Greenpoint
The buyer in this transaction was Phil Miller, while the seller was Maverick Real Estate. The deal was facilitated by the brokers Daniel O'Brien, Ian Brooks, Caroline Hodes, and Michael Kolbus from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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