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147 Leonard St, Brooklyn, N...

Updated Sep 9, 2024

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

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

John Barney

Weber Frank Real Estate

Broker

$109.5M

vol

21 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $68 per square foot on a published $3.8M for 56,000 square feet (2020).

Visit Michael (Mike) Salvatico to view all their deals.

Browse New York multifamily sales on Traded.

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

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