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173 North 7th Street, Brook...

Updated Dec 21, 2023

Eden I. Chuang Acquires Multifamily Property In Williamsburg, Brooklyn For $3.29M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $3.3M for 2,325 square feet (2022).

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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

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