Serafin Caamano Sells Multifamily Asset At 54 Franklin Street In Greenpoint For $7.6M
54 Franklin Street
$7,600,000
$939/SF
Building Size
8,088 SF
Asset Type
MultiFamily
Closing
Jun 23, 2026
AI
The property involved in this transaction is a multifamily asset located at 54 Franklin Street in the Greenpoint market. The sale price of the property is $7,600,000, with a total square footage of 8,088, which equates to a price per square foot of $939.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,600,000
- Address: 54 Franklin Street
- Market: Greenpoint
- Square Footage: 8,088
- Price per Square Foot: $939
- Seller: Serafin Caamano
- Brokers: Shaun Riney, Michael Salvatico & Harrison Rich - Marcus & Millichap
Notable individuals involved in this transaction include Serafin Caamano as the seller, and the brokerage team from Marcus & Millichap represented by Shaun Riney, Michael Salvatico, and Harrison Rich, who facilitated the sale of the property.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93