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225 3rd Street

Samuel Charney And Nicholas Silvers Acquire Multifamily Property In Gowanus Brooklyn For $164M
SOLDGarage

Samuel Charney And Nicholas Silvers Acquire Multifamily Property In Gowanus Brooklyn For $164M

225 3rd Street

$164,000,000

$12,132/SF

Building Size

13,518 SF

Asset Type

Garage

Closing

Apr 30, 2025

AI

The property asset involved in the transaction is located at 225 3rd Street in Gowanus, Brooklyn. This multi-family property encompasses a total area of 13,518 square feet and was sold for a price of $164,000,000, resulting in a price per square foot of approximately $12,132.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $164,000,000
  • Address: 225 3rd Street
  • Market: Gowanus, Brooklyn
  • Buyers: Samuel Charney & Nicholas Silvers
  • Seller: Thomas Lavin
  • Square Feet: 13,518
  • Price per Square Foot: $12,132

Samuel Charney and Nicholas Silvers were the buyers in this transaction, purchasing the asset from seller Thomas Lavin. This significant deal demonstrates the involvement of key individuals who facilitated the transfer of ownership for this property asset in Brooklyn.

Players

Nicholas Silvers

Buyer

$1.1B

vol

6 deals

Buyer

Brooklyn Garage Market Snapshot

Boundary boundary · Garage · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93