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96 Harrison Pl Brooklyn, NY...

The Garbo Family Acquires Multifamily Property On Harrison Place In New York City For $2.175M
SOLDMultiFamily

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

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

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

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93