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147 Leonard St, Brooklyn, N...

Witold Brend Acquires Multifamily Property In East Williamsburg For $3.82M
SOLDMultiFamily

Witold Brend Acquires Multifamily Property In East Williamsburg For $3.82M

147 Leonard St, Brooklyn, NY 11206, USA

$3,820,000

$68/SF

Building Size

56,000 SF

Asset Type

MultiFamily

Closing

Jan 14, 2020

AI

The multifamily property located at 147 Leonard Street in East Williamsburg, Brooklyn has been sold in a closed transaction. The property spans across 5,600 square feet and was listed with an asking price of $4,000,000. The final sale price for the property amounted to $3,820,000, resulting in a price per square foot (PPSF) of $682. The transaction involved the seller, Eric Orlofsky, and the buyer, Witold Brend.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,820,000
  • Address: 147 Leonard Street, East Williamsburg, Brooklyn
  • Market: East Williamsburg, Brooklyn
  • Square Footage: 5,600
  • Asking Price: $4,000,000
  • Price Per Square Foot (PPSF): $682
  • Seller: Eric Orlofsky
  • Buyer: Witold Brend

The sale of this multifamily property was facilitated by the brokers Mike Salvatico, Shaun Riney, and John Barney from Marcus & Millichap's Brooklyn office.

Players

John Barney

Weber Frank Real Estate

Broker

$109.5M

vol

21 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

359 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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

4.15%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93