Updated Sep 20, 2024
957 Greene Ave Purchases Brooklyn Property At 963 Greene Ave For $15.2M With Marcus & Millichap Representatives
963 Greene Ave, Brooklyn, NY, 11221
$15,200,000
$307/SF
Building Size
49,434 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
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.
On the Map
$15,200,000
$307/SF
MultiFamily
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Brooklyn 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93