Updated Dec 4, 2024
Patoma Acquires Multifamily Leasehold In Williamsburg, Brooklyn From Betty Kapakos For $5M
129 Graham Avenue
$5,000,000
$250/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Apr 8, 2024
About this deal
AI
The property involved in the transaction is a Multifamily Leasehold located at 129 Graham Avenue in Williamsburg, Brooklyn. The sale price for this asset was $5,000,000 with a square footage of 20,000, equating to a price per square foot of $250.
Summary of transaction details:
- Property Type: Multifamily Leasehold
- Transaction Amount: $5,000,000
- Address: 129 Graham Avenue
- Market: Williamsburg, Brooklyn
- Buyer: Patoma
- Seller: Betty Kapakos
- Brokers: Danny Vasquez & Ben Carlos Thypin - Quantierra
The sale of this multifamily leasehold property at 129 Graham Avenue was facilitated by brokers Danny Vasquez and Ben Carlos Thypin from Quantierra. The buyer, Patoma, acquired the property from the seller, Betty Kapakos, in the bustling market of Williamsburg, Brooklyn.
On the Map
$5,000,000
$250/SF
MultiFamily
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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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93