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259 Warren Street

Updated Dec 4, 2024

Stephen Safina Of Three Point Real Estate Represents Sale Of Brooklyn Multifamily For $3.065M
SOLDMultiFamily

Stephen Safina Of Three Point Real Estate Represents Sale Of Brooklyn Multifamily For $3.065M

259 Warren Street

$3,065,000

$896/SF

Building Size

3,420 SF

Asset Type

MultiFamily

Closing

Oct 22, 2024

About this deal

AI

The property located at 259 Warren Street in Brooklyn is a multifamily asset comprising four units. The sale was finalized with a transaction price of $3,065,000, indicating a price per unit of $766,250. The total square footage of the property is 3,420, resulting in a price per square foot of $896.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,065,000
  • Units: 4
  • Square Footage: 3,420
  • Price Per Unit: $766,250
  • Price Per Square Foot: $896
  • Broker: Stephen Safina - Three Point Real Estate
  • Date of Sale: 10/22/2024

Stephen Safina from Three Point Real Estate represented the transaction, facilitating the sale process for the involved parties. The deal showcases notable engagement in the Brooklyn market, emphasizing the ongoing interest in multifamily properties in the area.

Players

Stephen Safina

Broker

$11.1M

vol

4 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $896 per square foot on a published $3.1M for 3,420 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.18%

Cash-on-Cash

-1.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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