Updated Sep 5, 2024
Zofia Mikos Sells Greenpoint Multifamily For $1.85M With Brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes & Thomas Ventura
575 Morgan Avenue
$1,850,000
$543/SF
Building Size
3,402 SF
Asset Type
MultiFamily
Closing
Dec 16, 2022
About this deal
AI
A multifamily property located at 575 Morgan Avenue in Greenpoint has been sold for $1,850,000. The property consists of 3 units with a total square footage of 3,402. The price per unit is approximately $616,667, and the price per square foot is $544.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 3
- Price per Unit (PPU): $616,667
- Square Footage (SF): 3,402
- Price per Square Foot (PPSF): $544
- Address: 575 Morgan Avenue
- Market: Greenpoint
The seller of the property is Zofia Mikos. The deal was facilitated by the brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, and Thomas Ventura from Investment Property Realty Group (IPRG).
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93