Updated Oct 29, 2024
Cushman & Wakefield Facilitates $3.25M Sale Of Multifamily Property In Greenpoint
52 Monitor St Brooklyn, NY 11222, USA
$3,250,000
$472/SF
Building Size
6,875 SF
Asset Type
MultiFamily
Closing
Jun 2, 2023
About this deal
AI
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.
On the Map
$3,250,000
$472/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93