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985 Metropolitan Avenue

Gd Capital Acquires Multifamily Property In Williamsburg, Brooklyn
SOLDMixed-use

Gd Capital Acquires Multifamily Property In Williamsburg, Brooklyn

985 Metropolitan Avenue

$2,200,000

$241/SF

Building Size

9,100 SF

Asset Type

Mixed-use

Closing

Dec 15, 2022

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.

Players

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker
Mark Guindi

Mark Guindi

GD Capital

Buyer

$39.9M

vol

14 deals

Buyer

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