Meridian Capital Group Brokers $18.5M Multifamily Sale In Williamsburg
144 North 10th Street, Brooklyn, New York 11249, United States
$18,500,000
$503/SF
Building Size
36,760 SF
Asset Type
MultiFamily
Closing
May 18, 2022
AI
The multifamily property located at 144-148 North 10th Street in Williamsburg was recently sold for a total price of $18,500,000. The transaction took place on 05/19/2022. The property consists of 22 units, with a price per unit of $840,909. It spans a total area of 36,760 square feet, resulting in a price per square foot of $503.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Units: 22
- Price per Unit: $840,909
- Square Footage: 36,760
- Price per Square Foot: $503
The sale was facilitated by Amit Doshi & Chirag Doshi from the Meridian Capital Group, who represented the buyers and sellers in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93