The Garbo Family Acquires Multifamily Property On Harrison Place In New York City For $2.175M
96 Harrison Pl Brooklyn, NY 11237, USA
$2,175,000
$420/SF
Building Size
5,175 SF
Asset Type
MultiFamily
Closing
May 24, 2023
AI
The multifamily property located at 96 Harrison Place in New York City has been sold. The transaction took place on 05/24/2023, with a sale price of $2,175,000. The seller of the property was Amparo Arpino, while the buyer was the Garbo Family. The property consists of 6 units, with each unit having a price per unit (PPU) of $362,500. The total square footage of the property is 5,175, resulting in a price per square foot (PPSF) of $420.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,175,000
- Units: 6
- Price per Unit (PPU): $362,500
- Square Footage (SF): 5,175
- Price per Square Foot (PPSF): $420
The deal was facilitated by Josh Lipton, Andrew Levine, and Jax Hindmarch from Invictus Property Advisors, who represented both the buyer, the Garbo Family, and the seller, Amparo Arpino.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93