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69 Meserole Ave, Brooklyn, ...

Updated Oct 29, 2024

Lefkovits Family Acquires Multifamily Property In Greenpoint, Brooklyn For $3.23M
SOLDMultiFamily

Lefkovits Family Acquires Multifamily Property In Greenpoint, Brooklyn For $3.23M

69 Meserole Ave, Brooklyn, NY 11222, USA

Building Size

82,000 SF

Asset Type

MultiFamily

Closing

Apr 11, 2018

About this deal

AI

The multifamily property located at 69 Meserole Avenue in Greenpoint, Brooklyn, has been sold in a closed transaction for $3,230,000. The property spans over 8,200 square feet and is priced at $394 per square foot. The asset consists of 8 units, with each unit valued at approximately $403,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,230,000
  • Square Footage: 8,200 sf
  • Price per Square Foot: $394
  • Number of Units: 8
  • Price per Unit: $403,000

The seller of the property is the Markiewicz Family, while the buyer is the Lefkovits Family, represented by Sean Lefkovits. The brokerage firm Marcus & Millichap facilitated the transaction, with Shaun Riney and Mike Salvatico handling the deal.

Players

Matt Steinberg

Broker

1 deal

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Buyer

$295.5M

vol

34 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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