Hub NYC Acquires Multifamily Property In Williamsburg For $76.8M
150 Union Avenue
$76,775,000
$900/SF
Building Size
85,226 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
AI
A multifamily property located at 150 Union Ave in Williamsburg, Brooklyn has been sold for a total of $76,775,000. The property consists of 130 units, with an average price per unit of $590,577. The total square footage of the property is 85,226, with an average price per square foot of $901.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $76,775,000
- Address: 150 Union Ave
- Market: Williamsburg, Brooklyn
The buyer of the property is HUBB NYC, while the seller is Adam America Real Estate Group. The deal was brokered by Ethan Stanton, Stephen Palmese, Brendan Maddigan, Michael Mazzara, Winfield Clifford, Bob Knakal, Jeffrey Julien, and Eliott Zeitoune of JLL.
Players
City of New Rochelle 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93