DAX Real Estate Acquires Multifamily Property In Williamsburg, Brooklyn For $2.25M
SOLD
$2,250,000
+ 2
New York
See Similar DealsMultiFamily3,110 SF
Sold 12/09/2021
SOLD
DAX Real Estate Acquires Multifamily Property In Williamsburg, Brooklyn For $2.25M
135 South 1st Street, Brooklyn, NY, USA
See Similar DealsMultiFamily3,110 SF
Sold 12/09/2021
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$723
Total Square Footage:3,110 SF
Transaction Type:Sale
A multifamily property located at 135 South 1st Street in Williamsburg, Brooklyn has been sold for a price of $2,250,000. The property spans a total area of 3,110 square feet and has a price per square foot of $723. It consists of three units, with each unit being sold for approximately $750,000. The transaction took place on December 9, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 135 South 1st Street
- Market: Williamsburg, Brooklyn
- Zoning: R6B
The buyer of the property is DAX Real Estate, represented by Daniel Hedaya and Max Seibald. The seller is the Lopez Family. The transaction was facilitated by brokers Ryan Perkoski and Henry Grass from RPR Ventures.
It is worth noting that the property was delivered vacant, and the transaction was completed within a 30-day timeframe.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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