DAX Real Estate Acquires Multifamily Property In Williamsburg, Brooklyn For $4M
SOLD
$4,000,000
+ 2
New York
See Similar DealsMultiFamily5,250 SF
Sold 12/10/2021
SOLD
DAX Real Estate Acquires Multifamily Property In Williamsburg, Brooklyn For $4M
154 North 9th Street
See Similar DealsMultiFamily5,250 SF
Sold 12/10/2021
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$761
Total Square Footage:5,250 SF
Transaction Type:Sale
The multifamily property located at 154 North 9th Street in Williamsburg, Brooklyn has been sold. The transaction took place on 12/10/2021 and the property was purchased for a total of $4,000,000. The property spans 5,250 square feet and has a price per square foot of $762. It consists of 6 units, with an average price of $666,667 per unit. The seller in this deal was The Gold Family.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Square Footage: 5,250
- Price per Square Foot: $762
- Number of Units: 6
- Price per Unit: $666,667
The buyer of the property is DAX Real Estate, represented by Daniel Hedaya and Max Seibald. The deal was facilitated by brokers Mike Salvatico, Shaun Riney, and Sam Leppo from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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