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76 Green Street, Greenpoint...

Updated Dec 21, 2023

Harley Miller Acquires Multifamily Property In Greenpoint, Brooklyn For $4.4M
SOLDMultiFamily

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.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $4.4M for 2,825 square feet (2021).

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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

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