facebook
Traded Co logo
Submit

Compass Acquires Multifamily Property In Greenpoint For $3.9M

Property Image
SOLD
$3,900,000
Wendy Nanasi
Sean McGinley
Meylin Maldonado
+ 2

New York

See Similar Deals
MultiFamily3,750 SF
Sold 06/16/2022
the dealplayerscompscontact
Property Image
SOLD

Compass Acquires Multifamily Property In Greenpoint For $3.9M

604 Humboldt Street, Brooklyn, New York 11222, United States

See Similar Deals
MultiFamily3,750 SF
Sold 06/16/2022
Wendy Nanasi
Sean McGinley
Meylin Maldonado
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,040
Total Square Footage:3,750 SF
Transaction Type:Sale

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
Meylin Maldonado
7 deals$22.7M volume
BROKER
Wendy Nanasi
Compass
Wendy Nanasi
3 deals$12.9M volume
BROKER
Sean McGinley
Compass
Sean McGinley
2 deals$7.3M volume
BROKER
Jamie Fedorko
Compass
Jamie Fedorko
1 deal$3.9M volume
BROKER
FF
Feldman Family
3 deals$30.7M volume
SELLER

Details

SOLD
IMAGE: Meylin Maldonado DATE: 06/16/2022 ADDRESS: 604 Humboldt St. MARKET: Greenpoint ASSET TYPE: Multifamily SELLER: Feldman Family & Montileo Family BUYER’S REP: Meylin Maldonado (@MeylinWorld) (Meylin Team) (@MeylinTeam) & Wendy Nanasi - Compass (@Compass) SELLER’S REP: Sean McGinley (@SeanDavidMcGinley) & Jamie Fedorko - Compass (@Compass) SALE PRICE: $3,900,000 UNITS: 4 ~ PPU: $975,000 SF: 3,750 ~ PPSF: $1,040

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88