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75 Calyer Street

Joe Lichtman Acquires Multifamily Property On Calyer Street In Greenpoint, Brooklyn For $3M
SOLDMultiFamily

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

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

Joe Lichtman

Buyer

$24.5M

vol

7 deals

Buyer

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