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139 Broadway, Brooklyn, New...

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

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

139 Broadway, Brooklyn, New York 11211, United States

$4,770,000

$746/SF

Building Size

6,393 SF

Asset Type

MultiFamily

Closing

May 26, 2022

AI

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

Adam Selmer

Firebird Grove

Buyer

$51.2M

vol

11 deals

Buyer

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

3.33%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93