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604 Humboldt Street, Brookl...

Compass Acquires Multifamily Property In Greenpoint For $3.9M
SOLDMultiFamily

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

Meylin Maldonado

Compass

Broker

$22.7M

vol

7 deals

Broker

Feldman Family

Seller

$30.7M

vol

3 deals

Seller

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