Updated Sep 9, 2024
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
About this deal
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
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93