Updated Feb 24, 2025
Cras Family Acquires Williamsburg Multifamily For $9.75M
117 North 4th Street
$9,750,000
$1,500/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Sep 13, 2023
About this deal
AI
The multifamily property located at 117 North 4th Street in Williamsburg, Brooklyn has been sold for a final price of $9,750,000. The property consists of 8 units, with each unit having a price per unit of $1,218,750. The total square footage of the property is 6,500, resulting in a price per square foot of $1,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,750,000
- Units: 8
- Price per Unit: $1,218,750
- Square Footage: 6,500
- Price per Square Foot: $1,500
- Address: 117 North 4th Street, Williamsburg, Brooklyn
The buyer of the property is the Cras Family, while Joseph Sutton served as the seller. The transaction was facilitated by Michael Sherman of Baseline Real Estate Advisors, who represented Joseph Sutton as his broker in the deal.
On the Map
$9,750,000
$1,500/SF
MultiFamily
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Market 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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93