Updated Sep 11, 2025
Gama Holdings LTD Acquires Multifamily Property In Williamsburg For $4M
119 Powers Street, Williamsburg, Brooklyn, NY, USA
$4,000,000
$626/SF
Building Size
6,384 SF
Asset Type
MultiFamily
Closing
Jul 27, 2021
About this deal
AI
The multifamily property located at 119 Powers Street and 255, 257, and 259 Manhattan Ave in Williamsburg has been sold for a price of $4,000,000. The property spans an area of 6,384 square feet and has a price per square foot of $626. The transaction took place on July 28, 2021. The property is zoned as R6B.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Square Footage: 6,384
- Price per Square Foot: $626
- Address: 119 Powers Street & 255, 257 & 259 Manhattan Ave.
- Market: Williamsburg
- Buyer: Gama Holdings LTD - Michael Levy
- Seller: Dixon Property Group - Brian Disler
Michael Levy, representing Gama Holdings LTD, served as the buyer in this transaction. Meanwhile, Brian Disler, representing Dixon Property Group, acted as the seller. Both parties successfully completed the deal for the sale of this multifamily property in Williamsburg.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93