Updated Oct 29, 2024
Kinsey Equities Sells 8-Unit Greenpoint Multifamily For $1.85M Via TerraCRG
67 Sutton Street
$1,850,000
$305/SF
Building Size
6,050 SF
Asset Type
MultiFamily
Closing
Nov 22, 2022
About this deal
AI
The multifamily property located at 67 Sutton St in Greenpoint has been sold for $1,850,000. This eight-unit property spans across 6,050 square feet, resulting in a price per square foot of $306. The sale was facilitated by Matt Cosentino and Remi Norris from TerraCRG.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 67 Sutton St
- Market: Greenpoint
- Units: 8
- Price per unit: $231,250
- Square footage: 6,050
- Price per square foot: $306
Matt Cosentino and Remi Norris from TerraCRG acted as the brokers in this transaction, representing Kinsey Equities as the seller. Their expertise and assistance were instrumental in finalizing the deal for the multifamily property at 67 Sutton St in Greenpoint.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93