Mendel Gold Acquires Multifamily Portfolio In Williamsburg, Brooklyn For $10.75M
SOLD
$10,750,000
+ 2
New York
See Similar DealsMultiFamily71,108 SF
Sold 10/27/2023
SOLD
Mendel Gold Acquires Multifamily Portfolio In Williamsburg, Brooklyn For $10.75M
110 South 2nd Street, 384 South 2nd Street, 211 Johnson Avenue & 461 Lorimer Street
See Similar DealsMultiFamily71,108 SF
Sold 10/27/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:71,108 SF
Transaction Type:Sale
The multifamily property located at 110 & 384 South 2nd Street, 211 Johnson Avenue, and 461 Lorimer Street in Williamsburg, Brooklyn has been sold. The transaction took place on 10/27/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,750,000
- Units: 17
- Price Per Unit: $632,353
- Total Square Footage: 17,777
- Price Per Square Foot: $605
Mendel Gold has acquired the property. The deal was facilitated by the team at Rosewood Realty Group, including brokers Aaron Jungreis, Alex Fuchs, Ben Khakshoor, and Eli Shayestehpour.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
Is there something missing? Send suggestions