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Adam J. Semler Acquires Multifamily Property In Williamsburg, Brooklyn For $4.77M

Property Image
SOLD
$4,770,000

New York

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MultiFamily6,393 SF
Sold 05/27/2022
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Property Image
SOLD

Adam J. Semler Acquires Multifamily Property In Williamsburg, Brooklyn For $4.77M

139 Broadway, Brooklyn, New York 11211, United States

See Similar Deals
MultiFamily6,393 SF
Sold 05/27/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$746
Total Square Footage:6,393 SF
Transaction Type:Sale

139 Broadway, located in Williamsburg, Brooklyn, has been sold in a recent transaction. The multifamily property, with a zoning designation of C4-3, was purchased for a total price of $4,770,000. The building has a total building square footage (BSF) of 5,328, resulting in a price per BSF of $895. The property spans a total square footage (SF) of 6,393, leading to a price per SF of $746. The sale was completed on May 27, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,770,000
  • Market: Williamsburg, Brooklyn
  • Address: 139 Broadway
  • Zoning: C4-3

The buyer of 139 Broadway is Adam J. Semler, while the seller is Dorene Goldfinger. The property has a floor area ratio (FAR) of 4.08 and falls under tax class 2A. The lot size measures 1,567 square feet, with dimensions of 20 feet x 78.33 feet. Additionally, there was an alteration permit issued on May 20, 2013.

Players

AS
Adam Selmer
11 deals$51.2M volume
BUYER

Details

SOLD
IMAGE: 05/27/2022 ADDRESS: 139 Broadway MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ ZONING: C4-3 BUYER: Adam J. Semler SELLER: Dorene Goldfinger PRICE: $4,770,000 BSF: 5,328 ~ PPBSF: $895 SF: 6,393 ~ PPSF: $746 FAR: 4.08 TAX CLASS: 2A LOT SIZE: 1,567 PERMITS: Alteration 2 (05/20/2013) LOT DIMENSION: 20 ft x 78.33 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$254,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,946.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,612.23
Annual Debt Service$271,346.80