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
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