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549 Meeker Avenue

Eden Ashourzadeh Sells Greenpoint Multifamily For $4.62M
SOLDMultiFamily

Eden Ashourzadeh Sells Greenpoint Multifamily For $4.62M

549 Meeker Avenue

$4,618,000

$1,231/SF

Building Size

3,750 SF

Asset Type

MultiFamily

Closing

Feb 29, 2024

AI

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

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

Brooklyn 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

3.44%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93