Ariel Shalom Sells Multifamily Property At 78 Meserole Avenue In Greenpoint For $8.895M
SOLD
$8,895,000
New York
See Similar DealsMultiFamily5,290 SF
Sold 06/10/2024
SOLD
Ariel Shalom Sells Multifamily Property At 78 Meserole Avenue In Greenpoint For $8.895M
78 Meserole Avenue
See Similar DealsMultiFamily5,290 SF
Sold 06/10/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,681
Total Square Footage:5,290 SF
Transaction Type:Sale
The multifamily asset located at 78 Meserole Avenue in the Greenpoint neighborhood of Brooklyn was sold for a price of $8,895,000. The property consists of 3 units and has a total square footage of 5,290, resulting in a price per unit of $2,965,000 and a price per square foot of $1,681.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,895,000
- Units: 3
- Square Footage: 5,290
- Price Per Unit: $2,965,000
- Price Per Square Foot: $1,681
- Seller: Ariel Shalom
- Broker: Yuval Vidal - Compass
- Date of Transaction: 06/10/2024
Ariel Shalom acted as the seller in this transaction, with representation from broker Yuval Vidal of Compass. The deal reflects a significant engagement in the local multifamily market, highlighting the activity of brokers in facilitating property sales in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,602.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,166.84
Annual Debt Service$506,002.06
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