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79a India Street

Updated Sep 5, 2024

The Niehardt Family Acquires Multifamily Property On India Street In Greenpoint, Brooklyn For $2.25M
SOLDMultiFamily

The Niehardt Family Acquires Multifamily Property On India Street In Greenpoint, Brooklyn For $2.25M

79a India Street

$2,250,000

$957/SF

Building Size

2,350 SF

Asset Type

MultiFamily

Closing

Nov 16, 2022

About this deal

AI

Located at 79A India Street in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of three units with a total square footage of 2,350. The sale price for this property was $2,250,000, resulting in a price per unit of $750,000 and a price per square foot of $957. The transaction was completed on November 16, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 3
  • Price Per Unit: $750,000
  • Square Footage: 2,350
  • Price Per Square Foot: $957
  • Address: 79A India Street

The buyer in this transaction was the Niehardt Family, while the seller was the Gorski Family. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo from Marcus & Millichap. The property was sold at the asking price of $2,250,000, as noted by the brokers.

Players

Michael Salvatico

Marcus & Millichap

Broker

$840.8M

vol

184 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker

Gorski Family

Seller

$5.5M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $957 per square foot on a published $2.3M for 2,350 square feet (2022).

Visit Samuel (Sam) Leppo to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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