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590 Leonard St Brooklyn, NY...

Partners Path Sells Multifamily Property In Greenpoint, Brooklyn For $3.65M With Marcus & Millichap<br>
SOLDMultiFamily

Partners Path Sells Multifamily Property In Greenpoint, Brooklyn For $3.65M With Marcus & Millichap<br>

590 Leonard St Brooklyn, NY 11222, USA

$3,650,000

$697/SF

Building Size

5,235 SF

Asset Type

MultiFamily

Closing

Jun 21, 2023

AI

The multifamily property located at 590 Leonard Street in Greenpoint, Brooklyn, was recently sold for $3,650,000. The asset consists of 6 units with a price per unit of $608,333. The total square footage of the property is 5,235, equating to a price per square foot of $697.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,650,000
  • Units: 6
  • Price Per Unit: $608,333
  • Square Footage: 5,235
  • Price Per Square Foot: $697
  • Address: 590 Leonard Street
  • Market: Greenpoint, Brooklyn
  • Seller: Partners Path
  • Brokers: Shaun Riney, Michael Salvatico & Samuel Leppo - Marcus & Millichap

The sale was facilitated by Shaun Riney, Michael Salvatico, and Samuel Leppo of Marcus & Millichap. These brokers played a crucial role in negotiating and closing the deal for the multifamily property, showcasing their expertise in the real estate market.

Players

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Alex Lebowitz

Alex Lebowitz

Partners Path

Buyer

$42.9M

vol

11 deals

Buyer

New York 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93