Alon Ashourzadeh Purchases Multifamily Property From Jose Garcia In Williamsburg For $2.9M
166 South 2nd Street
$2,900,000
$580/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
May 22, 2025
AI
A four-unit multifamily building located at 166 South 2nd Street in Williamsburg, Brooklyn was sold for $2,900,000. The property has a building size of 6,075 square feet, resulting in a price per building square foot of $477. The total square footage is 5,000, leading to a price per square foot of $580.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Building Size: 6,075 BSF
- Price per Building Square Foot: $477
- Total Square Footage: 5,000 SF
- Price per Square Foot: $580
- Buyer: Alon Ashourzadeh
- Seller: Jose Garcia
- Sale Date: 05/22/2025
Alon Ashourzadeh’s 166 South 2nd LLC acquired the property from Jose Garcia, marking the completion of the transaction on May 22, 2025.
Players
Brooklyn 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93