The Olofsky Family Acquires Package Deal Of 3 Buildings In Greenpoint For $5.1M
SOLD
$5,100,000
New York
See Similar Deals11,228 SF
Sold 05/19/2022
SOLD
The Olofsky Family Acquires Package Deal Of 3 Buildings In Greenpoint For $5.1M
200 Calyer Street, Brooklyn, New York 11222, United States
See Similar Deals11,228 SF
Sold 05/19/2022
Summary
NEW YORK
Price Per Square Foot:$454
Total Square Footage:11,228 SF
Transaction Type:Sale
The package deal of three buildings located at 200, 202 & 204 Calyer Street in Greenpoint has been sold for $5,100,000. The transaction took place on May 19, 2022, and involved a total of 15 units. The price per unit was $340,000, and the combined square footage of the buildings was 11,228. The sale price per square foot was $454.
Summary of transation details
- Property Type: Package Deal (3 Building)
- Transaction Amount: $5,100,000
- Units: 15
- Price Per Unit: $340,000
- Square Footage: 11,228
- Price Per Square Foot: $454
- Market: Greenpoint
The Olofsky Family purchased the package deal from the Pettit Family. Representing the buyer was Michael Sherman from Baseline Real Estate Advisors, while Michael Zaccaria from Triple Mint acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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