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.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93