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117 N 4th St, Brooklyn, NY ...

Updated Dec 20, 2023

Andrzej Trojanowski Sells Multifamily Property In Williamsburg, Brooklyn For $2.8M With Buyer's Rep Michael Sherman & Seller's Rep Robert Napolitano
SOLDMultiFamily

Andrzej Trojanowski Sells Multifamily Property In Williamsburg, Brooklyn For $2.8M With Buyer's Rep Michael Sherman & Seller's Rep Robert Napolitano

117 N 4th St, Brooklyn, NY 11249, USA

$2,800,000

$430/SF

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Nov 29, 2020

About this deal

AI

The multifamily property located at 117 N 4th Street in Williamsburg, Brooklyn was recently sold in a closed transaction. The property consists of 8 units with a total square footage of 6,500. The asking price for the property was $2,850,000, and it was ultimately sold for $2,800,000. The price per square foot for the property was $430, and the price per unit was $350,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Market: Williamsburg, Brooklyn
  • Address: 117 N 4th Street
  • Square Footage: 6,500
  • Price per Square Foot: $430
  • Number of Units: 8
  • Price per Unit: $350,000

The seller of the property was Andrzej Trojanowski. The buyer was represented by Michael Sherman of The Manhattes Group, who can be contacted on Twitter at @MichaelShermanNYC or @MichaelSherman87. The seller was represented by Robert Napolitano and Theo Eastwind of CapriJet Realty.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $430 per square foot on a published $2.8M for 6,500 square feet (2020).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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