Gd Capital Acquires Multifamily Property In Williamsburg, Brooklyn
985 Metropolitan Avenue
$2,200,000
$241/SF
Building Size
4,550 SF
Asset Type
Mixed-use
Closing
Dec 15, 2022
About this deal
AI
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.
On the Map
$2,200,000
$241/SF
Mixed-use
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Players
New York City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93