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
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