Updated Jul 27, 2026
SOLDMultiFamily
Shaun Riney, Michael Salvatico & Harrison Rich Of Marcus & Millichap Complete $7.6M Multifamily Sale In Greenpoint
54 Franklin Street
$7,600,000
$939/SF
Building Size
8,088 SF
Asset Type
MultiFamily
Closing
Jun 23, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 54 Franklin Street in the Greenpoint market. The sale was finalized for a total amount of $7,600,000, with a square footage of 8,088 and 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
- Brokers: Shaun Riney, Michael Salvatico & Harrison Rich - Marcus & Millichap
The deal was represented by brokers Shaun Riney, Michael Salvatico, and Harrison Rich from Marcus & Millichap, highlighting the involvement of these professionals in facilitating the transaction.
On the Map
$7,600,000
$939/SF
MultiFamily
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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