Updated Apr 2, 2025
Greenbrook Partners Sells Multifamily Property At 125 Saint James Place For $5.5M
125 Saint James Place
$5,500,000
$1,527/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
About this deal
AI
The multifamily property located at 125 Saint James Place in Brooklyn features 8 units and encompasses a total of 3,600 square feet. The property was sold for $5,500,000, achieving a price per unit of $687,500 and a price per square foot of $1,527.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Units: 8
- Square Footage: 3,600
- Price Per Unit: $687,500
- Price Per Square Foot: $1,527
- Seller: Greenbrook Partners
- Broker: Novo Living - Novo Living LLC
The transaction was facilitated by Novo Living LLC, representing the seller Greenbrook Partners in this multifamily property deal. The negotiation and arrangement of the sale were handled by their brokerage team.
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93