Updated Dec 4, 2024
Acquires Multifamily Portfolio In Williamsburg, Brooklyn For $10.75M
110 South 2nd Street, 384 South 2nd Street, 211 Johnson Avenue & 461 Lorimer Street
$10,750,000
$151/SF
Building Size
17,777 SF
Asset Type
MultiFamily
Closing
Oct 27, 2023
About this deal
AI
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
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.
On the Map
$10,750,000
$151/SF
MultiFamily
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Players
Brooklyn 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93