Updated Oct 28, 2024
Townhouse Rental II LLC Acquires 10-Unit Multifamily In Williamsburg For $8.45M
11 Devoe Street, Brooklyn, New York 11211, United States
$8,450,000
$1,181/SF
Building Size
7,152 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
A multifamily property located at 11 Devoe Street in Williamsburg has been sold. The transaction took place on June 27, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,450,000
- Address: 11 Devoe Street, Williamsburg
- Market: Williamsburg
- Buyer: Townhouse Rental II LLC
- Seller: Hf Devoe Holding LLC
- Units: 10
- Price Per Unit: $845,000
- Total Square Footage: 7,152
- Price Per Square Foot: $1,181
The buyer, Townhouse Rental II LLC, has acquired the property from the seller, Hf Devoe Holding LLC. The transaction has a total of 10 residential units, with each unit valued at $845,000. The property spans across 7,152 square feet, resulting in a price per square foot of $1,181.
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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93