Updated Nov 20, 2023
Eric Orlofsky Acquires Multifamily Property On Quay Street In Greenpoint, New York
85 Quay Street, Brooklyn, NY 11222
$5,475,000
$396/SF
Building Size
13,810 SF
Asset Type
MultiFamily
Closing
Oct 12, 2018
About this deal
AI
The multifamily property located at 85 Quay Street in Greenpoint, New York has been sold for a total price of $5,475,000. The property comprises of 6 apartments and 1 storage unit, encompassing a total of 13,810 square feet. The sale price per square foot stands at $396.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,475,000
- Date: 10/13/2018
- Address: 85 Quay Street
- Market: Greenpoint
- City: New York
The buyer of the property is Eric Orlofsky, while the seller is Marc Bailin. The deal was facilitated by Mike Salvatico and Shaun Riney from Marcus & Millichap acting as brokers.
Players
New York 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
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93