Joe Lichtman Acquires Multifamily Property On Calyer Street In Greenpoint, Brooklyn For $3M
75 Calyer Street
$3,000,000
$789/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
Located at 75 Calyer Street in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The sale took place on November 22, 2023. The property consists of 2 units and spans across 3,800 square feet. The sale price for this property was $3,000,000, resulting in a price per unit of $1,500,000 and a price per square foot of $789.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Market: Greenpoint, Brooklyn
- Buyer: Joe Lichtman
- Seller: Lorraine Banfield
- Brokers: Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde - Investment Property Realty Group (IPRG)
The deal was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. These brokers played a crucial role in connecting the buyer, Joe Lichtman, with the seller, Lorraine Banfield. They ensured a successful transaction for both parties involved.
Players
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93