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
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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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