Updated Sep 5, 2024
Eden Ashourzadeh Acquires Multifamily Property In Williamsburg, Brooklyn For $2.3M
106 South 2nd Street, Brooklyn, New York 11211, United States
$2,300,000
$550/SF
Building Size
4,180 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
The multifamily property located at 106 S. Second St. in Williamsburg, Brooklyn has been sold for a price of $2,300,000. The transaction took place on 12/14/2021. The property spans across 4,180 square feet and has a zoning classification of R6. It consists of 4 units, with each unit having a price per unit of $575,000. The price per square foot for the property is $550.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 106 S. Second St.
- Market: Williamsburg, Brooklyn
- Square Footage: 4,180 SF
- Zoning: R6
Eden Ashourzadeh purchased the property from David Cruz and Evelyn Cruz. The deal was facilitated by Michael Eliakamal of Elia Assets Inc., who served as the broker for the transaction.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93