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Meridian Capital Group Brokers $18.5M Multifamily Sale In Williamsburg

Property Image
SOLD
$18,500,000

New York

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MultiFamily36,760 SF
Sold 05/19/2022
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Property Image
SOLD

Meridian Capital Group Brokers $18.5M Multifamily Sale In Williamsburg

144 North 10th Street, Brooklyn, New York 11249, United States

See Similar Deals
MultiFamily36,760 SF
Sold 05/19/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$503
Total Square Footage:36,760 SF
Transaction Type:Sale

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

Amit Doshi
87 deals$1.3B volume
BROKER

Chirag Doshi
Meridian Capital Group
8 deals$224.2M volume
BROKER

Details

SOLD
IMAGE: Amit Doshi & Chirag Doshi DATE: 05/19/2022 ADDRESS: 144-148 North 10th Street MARKET: Williamsburg ASSET TYPE: Multifamily BROKERS: Amit Doshi & Chirag Doshi (@TeamDoshi) - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $18,500,000 UNITS: 22 ~ PPU: $840,909 SF: 36,760 ~ PPSF: $503

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
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