Gd Capital Acquires Multifamily Property In Williamsburg, Brooklyn
SOLD
$2,200,000
+ 2
New York
See Similar DealsMixed-use9,100 SF
Sold 12/15/2022
SOLD
Gd Capital Acquires Multifamily Property In Williamsburg, Brooklyn
985 Metropolitan Avenue
See Similar DealsMixed-use9,100 SF
Sold 12/15/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$241
Total Square Footage:9,100 SF
Transaction Type:Sale
A multifamily property located at 985 Metropolitan Avenue in Williamsburg, Brooklyn, has been sold for a total price of $2,200,000. The property spans 4,550 square feet, resulting in a price per square foot of $484.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Square Footage: 4,550
- Price per Square Foot: $484
- Address: 985 Metropolitan Avenue
- Market: Williamsburg, Brooklyn
Gd Capital, represented by Mark Guindi, has purchased the property from Jeff Goldman. The buyer was assisted by Michael Kerwin and Chaya Milworn from Rosewood Realty Group, while the seller was represented by Scott Friend and Sarah Sawyer from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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