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
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