Updated Dec 21, 2023
Eden I. Chuang Acquires Multifamily Property In Williamsburg, Brooklyn For $3.29M
173 North 7th Street, Brooklyn, New York 11211, United States
$3,287,500
$1,414/SF
Building Size
2,325 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
About this deal
AI
A multifamily property located at 173 North 7th Street in Williamsburg, Brooklyn has been sold for a total price of $3,287,500. The property has a building square footage of 2,325 and a price per square foot of $1,413. It is situated on a lot size of 2,500 square feet and has a tax class of 1. The zoning for this property is R6B, and its floor area ratio (FAR) is 0.93. The property underwent an alteration permit on June 15, 2018. The lot dimensions are 25 feet by 100 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,287,500
- Market: Williamsburg, Brooklyn
- Buyer: Eden I. Chuang
- Seller: Jason A. Moore
- Price per Square Foot: $1,413
- Building Square Footage: 2,325
- Lot Size: 2,500 square feet
- Zoning: R6B
- Tax Class: 1
Eden I. Chuang acted as the buyer in this transaction, while Jason A. Moore was the seller. The sale took place on August 31, 2022. The property's price per square foot was $1,413, and the building's square footage was 2,325. The buyer purchased the property for a total amount of $3,287,500. The property's market is located in Williamsburg, Brooklyn.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.83%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93