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:
- Property Type: Multifamily
- Transaction Amount: $4,618,000
- Address: 549 Meeker Avenue
- Market: Greenpoint, Brooklyn
- Seller: @EdenAshourzadeh
- Buyer's Rep: Ari Harkov - Brown Harris Stevens
- Seller's Rep: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)
- Units: 5
- SF: 3,750
- PPU: $923,600
- PPSF: $1,231
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
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