Updated Dec 21, 2023
Harley Miller Acquires Multifamily Property In Greenpoint, Brooklyn For $4.4M
76 Green Street, Greenpoint, Brooklyn, NY, USA
$4,400,000
$1,557/SF
Building Size
2,825 SF
Asset Type
MultiFamily
Closing
Apr 28, 2021
About this deal
AI
The property at 76 Green Street in Greenpoint, Brooklyn has been sold in a transaction that took place on April 29, 2021. The multifamily property is zoned as R6B and C2-4, with a floor area ratio (FAR) of 1.13. The building is classified under tax class 1 and sits on a lot size of 2,483 square feet with dimensions of 25 feet by 100 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Buyer: Harley Miller
- Seller: Kathleen Mossman
- Building Square Feet: 2,825
- Price per Square Foot: $1,547
- Total Square Footage: 5,000
- Price per Buildable Square Foot: $880
- Last Sale Price: $1,670,000 (June 17, 2014)
- Permits: Alteration type 2 (July 14, 2020)
Harley Miller acted as the buyer in the transaction, while Kathleen Mossman was the seller. The property was sold for a price of $4,400,000, with a building square footage of 2,825. The price per square foot was $1,547. The total square footage of the property is 5,000, with a price per buildable square foot of $880. The last recorded sale of the property was on June 17, 2014, for a price of $1,670,000. A permit for alteration type 2 was issued on July 14, 2020.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93