Ariel Shalom Sells Multifamily Property At 78 Meserole Avenue In Greenpoint For $8.895M
78 Meserole Avenue
$8,895,000
$1,681/SF
Building Size
5,290 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
AI
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.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93