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54 Franklin Street

Serafin Caamano Sells Multifamily Asset At 54 Franklin Street In Greenpoint For $7.6M
SOLDMultiFamily

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:

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

Michael Salvatico

Marcus & Millichap

Broker

$808.2M

vol

179 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

366 deals

Broker

Serafin Caamano

Seller

$7.6M

vol

1 deal

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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