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607 Morgan Avenue

Capri Jet Realty Sells Greenpoint Multifamily For $1.7M
SOLDMultiFamily

Capri Jet Realty Sells Greenpoint Multifamily For $1.7M

607 Morgan Avenue

$1,725,000

$507/SF

Building Size

3,402 SF

Asset Type

MultiFamily

Closing

Nov 16, 2023

AI

Located at 607 Morgan Avenue in Greenpoint, Brooklyn, this multifamily property recently changed hands in a sale transaction. The property consists of 3,402 square feet of space and features a total of 3 residential units. The sale price for this transaction was $1,725,000, resulting in an average price per unit of $575,000. Additionally, the price per square foot for this property was $507.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $1,725,000
  • Units: 3
  • Price per Unit: $575,000
  • Square Footage: 3,402
  • Price per Square Foot: $507

Capri Jet Realty, represented by Thomas Horodecki, facilitated the sale of this property. As the broker involved in the transaction, Horodecki played a crucial role in connecting the seller, Christine Fico, with the buyer. The deal was successfully closed on 11/16/2023, ensuring a smooth transition of ownership.

Players

Thomas Horodecki

Capri Jet Realty

Broker

$23.6M

vol

3 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93