Mendel Gold Acquires Multifamily Property In Williamsburg For $3.1M
SOLD
$3,100,000
New York
See Similar DealsMultiFamily37,530 SF
Sold 08/25/2020
SOLD
Mendel Gold Acquires Multifamily Property In Williamsburg For $3.1M
154 N 9th St, Brooklyn, NY 11249, USA
See Similar DealsMultiFamily37,530 SF
Sold 08/25/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$82
Total Square Footage:37,530 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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