GPG Management Purchases Multifamily Asset At 75 Pierrepont Street Brooklyn For $6.8 Million
SOLD
$6,800,000
New York
See Similar DealsMultiFamily25,801 SF
Sold 08/15/2024
SOLD
GPG Management Purchases Multifamily Asset At 75 Pierrepont Street Brooklyn For $6.8 Million
75 Pierrepont Street
See Similar DealsMultiFamily25,801 SF
Sold 08/15/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:25,801 SF
Transaction Type:Sale
The property involved in this transaction is located at 75 Pierrepont Street in Brooklyn. It is a multi-family asset consisting of 37 units with a total square footage of 25,801. The sale price for this property was $6,800,000, resulting in a price per unit of $183,783 and a price per square foot of $263.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,800,000
- Units: 37
- Total Square Footage: 25,801
- Price Per Unit: $183,783
- Price Per Square Foot: $263
- Buyer: GPG Management
- Brokers: Thomas Gammino & Patrick Donahue - Lee & Associates
- Date of Transaction: 08/15/2024
Key individuals involved in this transaction include GPG Management as the buyer, while the brokerage representation was provided by Thomas Gammino and Patrick Donahue from Lee & Associates. Their involvement facilitated the completion of the sale.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
Is there something missing? Send suggestions