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166 South 2nd Street

Alon Ashourzadeh Purchases Multifamily Property From Jose Garcia In Williamsburg For $2.9M
SOLDMultiFamily

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

Alon Ashourzadeh

Buyer

$9.7M

vol

4 deals

Buyer

Jose Garcia

Seller

$9.2M

vol

3 deals

Seller

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