Updated Mar 21, 2026
Christopher Van Pelt Acquires MultiFamily Property In Greenpoint Brooklyn From Stephen S. Siminou For $3.8M
690 Humboldt Street
$3,800,000
$1,497/SF
Building Size
2,538 SF
Asset Type
MultiFamily
Closing
Feb 25, 2026
About this deal
AI
A multi-family property located at 690 Humboldt Street, in the Greenpoint neighborhood of Brooklyn, was sold for $3.8 million. The asset spans 2,538 square feet, which equates to a price per square foot of approximately $1,497.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,800,000
- Address: 690 Humboldt Street
- Market: Greenpoint, Brooklyn
- Square Footage: 2,538
- Price Per Square Foot: $1,497
- Buyer: Christopher Van Pelt
- Seller: Stephen S. Siminou
- Sale Date: February 25, 2026
The transaction involved buyer Christopher Van Pelt, who acquired the property from seller Stephen S. Siminou. This sale is noted for the multi-family asset in a competitive market, indicative of ongoing interest in the Greenpoint area.
On the Map
$3,800,000
$1,497/SF
MultiFamily
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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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93