Patoma Acquires Multifamily Leasehold In Williamsburg, Brooklyn From Betty Kapakos For $5M
SOLD
$5,000,000
New York
See Similar DealsMultiFamily20,000 SF
Sold 04/08/2024
SOLD
Patoma Acquires Multifamily Leasehold In Williamsburg, Brooklyn From Betty Kapakos For $5M
129 Graham Avenue
See Similar DealsMultiFamily20,000 SF
Sold 04/08/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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