Package Deal Multifamily Sale In Greenpoint & Carroll Gardens Brooklyn For $6.825M By Adam J Hess & Edward Setton
132 Norman Avenue, 196 Sackett Street & 32 Garnet Street
$6,825,000
$148/SF
Building Size
45,900 SF
Asset Type
Package Deal
Closing
Jul 25, 2024
AI
The transaction involved a package deal comprising three multifamily properties located at 132 Norman Avenue, 196 Sackett Street, and 32 Garnet Street in the Greenpoint and Carroll Gardens neighborhoods of Brooklyn. The total sale price was $6,825,000, with a combined square footage of approximately 15,300, resulting in a price per square foot of $446.
Summary of transaction details:
- Property Type: Package Deal (Multifamily)
- Transaction Amount: $6,825,000
- Address: 132 Norman Avenue, 196 Sackett Street & 32 Garnet Street
- Market: Greenpoint & Carroll Gardens, Brooklyn
- Square Footage: 15,300
- Price Per Square Foot: $446
- Brokers: Adam J Hess & Edward Setton - Meridian Capital Group
Adam J Hess and Edward Setton represented the transaction as brokers from Meridian Capital Group, facilitating the deal for the involved parties in this multifamily property transaction.
Players
Brooklyn Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93