957 Greene Ave Purchases Brooklyn Property At 963 Greene Ave For $15.2M With Marcus & Millichap Representatives
SOLD
$15,200,000
New York
See Similar DealsMultiFamily49,434 SF
SOLD
957 Greene Ave Purchases Brooklyn Property At 963 Greene Ave For $15.2M With Marcus & Millichap Representatives
963 Greene Ave, Brooklyn, NY, 11221
See Similar DealsMultiFamily49,434 SF
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:49,434 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 963 Greene Ave, Brooklyn, NY, 11221, situated in the Brooklyn market. The transaction was executed at a price of $15,200,000.00, encompassing a total square footage of 49,434.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $15,200,000.00
- Address: 963 Greene Ave, Brooklyn, NY, 11221
- Market: Brooklyn
- Seller's Representative: Matthew (Matt) Fotis - Marcus & Millichap
- Buyer's Representative: Dylan Renicker
- Buyer: 957 Greene Ave
The deal involved key representatives who facilitated the transaction, with Matthew (Matt) Fotis from Marcus & Millichap representing the seller and Dylan Renicker representing the buyer. Their roles were crucial in negotiating and finalizing the details of this significant real estate transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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