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600 Leonard Street

BB Holdings Purchases MultiFamily At 600 Leonard Street Brooklyn From Stupnikov Family For $2.325M
SOLDMultiFamily

BB Holdings Purchases MultiFamily At 600 Leonard Street Brooklyn From Stupnikov Family For $2.325M

600 Leonard Street

$2,325,000

$952/SF

Building Size

2,442 SF

Asset Type

MultiFamily

Closing

Mar 25, 2025

AI

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.

Players

Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 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

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93