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Eden Ashourzadeh Sells Greenpoint Multifamily For $4.62M

Property Image
SOLD
$4,618,000
Sal Monteverde
Luke Sproviero
+ 4

New York

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MultiFamily3,750 SF
Sold 02/29/2024
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Property Image
SOLD

Eden Ashourzadeh Sells Greenpoint Multifamily For $4.62M

549 Meeker Avenue

See Similar Deals
MultiFamily3,750 SF
Sold 02/29/2024
Sal Monteverde
Luke Sproviero
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,231
Total Square Footage:3,750 SF
Transaction Type:Sale

The multifamily property located at 549 Meeker Avenue in Greenpoint, Brooklyn was sold for $4,618,000. The property consists of 5 units, spanning 3,750 square feet, with a price per unit of $923,600 and a price per square foot of $1,231.

Summary of transation details:

The deal involved Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, Sal Monteverde, representing the seller through Investment Property Realty Group (IPRG), and the buyer's representative, Ari Harkov of Brown Harris Stevens. Both parties played crucial roles in securing the transaction of this valuable multifamily asset.

Players

Corey Haynes
62 deals$228M volume(718) 360-1942
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Donal Flaherty
Investment Property Realty Group (IPRG)
101 deals$367.7M volume(718) 360-8823
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Sal Monteverde
Investment Property Realty Group (IPRG)
40 deals$161.2M volume
BROKER

Thomas Ventura
Investment Property Realty Group (IPRG)
40 deals$160.9M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Donal Flaherty & Ari Harkov DATE: 02/29/2024 ADDRESS: 549 Meeker Avenue MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily SELLER: @EdenAshourzadeh BUYER'S REP: Ari Harkov (@AriHarkov) - Brown Harris Stevens (@HarkovLewisTeam) SELLER'S REP: Derek Bestreich, Luke Sproviero (@LukeSproviero), Donal Flaherty (@DonalFlaherty1), Corey Haynes (@Corey_Haynes), Thomas Ventura (@Tom_Ventura29) & Sal Monteverde (@Monteverde_NYC) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $4,618,000 UNITS: 5 ~ PPU: $923,600 SF: 3,750 ~ PPSF: $1,231

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,406.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,891.68
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