BB Holdings Purchases MultiFamily At 600 Leonard Street Brooklyn From Stupnikov Family For $2.325M
SOLD
$2,325,000
New York
See Similar DealsMultiFamily2,442 SF
Sold 03/25/2025
SOLD
BB Holdings Purchases MultiFamily At 600 Leonard Street Brooklyn From Stupnikov Family For $2.325M
600 Leonard Street
See Similar DealsMultiFamily2,442 SF
Sold 03/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$952
Total Square Footage:2,442 SF
Transaction Type:Sale
A development site located at 600 Leonard Street in the Greenpoint market has recently been sold. The property features a sale price of $2,325,000, with a building square footage (BSF) of 5,000, resulting in a price per building square foot (PPBSF) of $465. The site also has a total square footage (SF) of 2,442, translating to a price per square foot (PPSF) of $952.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,325,000
- Address: 600 Leonard Street
- Market: Greenpoint
- BSF: 5,000
- PPBSF: $465
- SF: 2,442
- PPSF: $952
- Buyer: BB Holdings
- Seller: Stupnikov Family
- Broker Representatives: Gabriel Kates & Sean Mashihi - Block Real Estate Group
The transaction involved BB Holdings as the buyer and the Stupnikov Family as the seller. The deal was facilitated by brokers Gabriel Kates and Sean Mashihi, representing Block Real Estate Group in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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