PEAK Capital Acquires Multifamily Property In Williamsburg For $3.8M
149 Ainslie Street, Brooklyn, New York 11211, United States
$3,800,000
$675/SF
Building Size
5,625 SF
Asset Type
MultiFamily
Closing
Jun 12, 2022
AI
Located in the vibrant neighborhood of Williamsburg, the multifamily property at 149 Ainslie St. has recently been sold in a closed transaction. The property consists of 6 units and spans across 5,625 square feet. The sale price for this asset was $3,800,000, resulting in a price per unit of $633,333 and a price per square foot of $675. The transaction took place on 06/13/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 149 Ainslie St.
- Market: Williamsburg
PEAK Capital, represented by Alex Rabin and David Gomez, acted as the buyer in this transaction. They are actively seeking value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. They can be reached at [email protected] for any new acquisition opportunities.
The seller of the property was Andresz Roth. The brokerage services were provided by Bram Lefevere from Native Real Estate, who played an essential role in facilitating this deal.
A noteworthy feature of this property's location is its proximity to the L & G train, with both stations located less than one block away. This accessibility adds to the property's appeal and convenience for its residents.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93