Mendel Gold Acquires Multifamily Property In Williamsburg For $3.1M
154 N 9th St, Brooklyn, NY 11249, USA
$3,100,000
$82/SF
Building Size
37,530 SF
Asset Type
MultiFamily
Closing
Aug 24, 2020
AI
The multifamily property located at 154 North 9th Street in Williamsburg was recently sold for $3,100,000. The building has a total square footage of 5,000 square feet, resulting in a price per square foot of $620. The individual units within the property have a combined square footage of 3,750, with a price per square foot of $827. The transaction took place on August 25, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Market: Williamsburg
- Buyer: Mendel Gold
- Seller: Tony Fisher
- Zoning: R6B
- Lot Size: 2,500
Mendel Gold was the buyer in this transaction, while Tony Fisher acted as the seller. The property is zoned as R6B and has a lot size of 2,500. No additional information about the deal is available.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93