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

Property Image
SOLD
$3,000,000
Sal Monteverde
Luke Sproviero
+ 4

New York

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MultiFamily3,800 SF
Sold 11/22/2023
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Property Image
SOLD

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

75 Calyer Street

See Similar Deals
MultiFamily3,800 SF
Sold 11/22/2023
Sal Monteverde
Luke Sproviero
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$789
Total Square Footage:3,800 SF
Transaction Type:Sale

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
62 deals$228M volume(718) 360-1942
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Donal Flaherty
Investment Property Realty Group (IPRG)
101 deals$367.7M volume(718) 360-8823
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Sal Monteverde
Investment Property Realty Group (IPRG)
40 deals$161.2M volume
BROKER

Thomas Ventura
Investment Property Realty Group (IPRG)
40 deals$160.9M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero & Donal Flaherty DATE: 11/22/2023 ADDRESS: 75 Calyer Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily BUYER: Joe Lichtman SELLER: Lorraine Banfield BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Donal Flaherty (@DonalFlaherty1), Corey Haynes (@Corey_Haynes), Thomas Ventura (@Tom_Ventura29) & Sal Monteverde (@Monteverde_NYC) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $3,000,000 UNITS: 2 ~ PPU: $1,500,000 SF: 3,800 ~ PPSF: $789 DonalFlaherty

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37