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144 North 10th Street, Broo...

Meridian Capital Group Brokers $18.5M Multifamily Sale In Williamsburg
SOLDMultiFamily

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

Amit Doshi

Meridian Capital Group

Broker

$1.3B

vol

88 deals

Broker

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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93