Updated Dec 18, 2023
Marcus & Millichap Brokers Sell Williamsburg Multifamily Property For $3.35M
106 South 2nd Street, Brooklyn, New York 11249, United States
$3,350,000
$801/SF
Building Size
4,180 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
Located in Williamsburg, Brooklyn, the multifamily property at 106 S. 2nd St. recently changed hands in a sale transaction. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Sam Leppo of Marcus & Millichap. With a sale price of $3,350,000, this property offers four units, resulting in a price per unit of $837,500. Spanning across 4,180 square feet, the property has a price per square foot of $801.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Address: 106 S. 2nd St.
- Market: Williamsburg, Brooklyn
This successful transaction was executed swiftly, as the property went from contract to closing within just one day.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93