Compass Acquires Multifamily Property In Greenpoint For $3.9M
604 Humboldt Street, Brooklyn, New York 11222, United States
$3,900,000
$1,040/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
The multifamily property located at 604 Humboldt St. in Greenpoint has been sold for a price of $3,900,000. The property consists of 4 units with a total square footage of 3,750. The sale price per unit is calculated to be $975,000, while the price per square foot is estimated to be $1,040. The transaction took place on 06/16/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 4
- Price per Unit: $975,000
- Square Footage: 3,750
- Price per Square Foot: $1,040
The sale of this property was facilitated by Meylin Maldonado (Meylin Team) and Wendy Nanasi from Compass, who represented the buyer. The seller was represented by Sean McGinley and Jamie Fedorko, also from Compass.
Players
New York 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93