Investment Property Realty Group (IPRG) Sells Multifamily In Williamsburg, Brooklyn For $5.4M
195 Meserole Street
$5,432,702
$1,200/SF
Building Size
4,525 SF
Asset Type
MultiFamily
Closing
Mar 24, 2023
AI
A multifamily property located at 195 Meserole Street in Williamsburg, Brooklyn has been sold. The transaction took place on March 24, 2023. The property consists of 5 units with a total area of 4,125 square feet. The sale price for this property was $5,432,702, resulting in a price per unit of $1,086,540 and a price per square foot of $1,317.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,432,702
- Units: 5
- Price per Unit: $1,086,540
- Square Footage: 4,125
- Price per Square Foot: $1,317
- Address: 195 Meserole Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyer's representative for this transaction was Ari Harkov from Brown Harris Stevens. On the other hand, the seller was represented by Derek Bestreich, Luke Sproviero, Donal Flaherty, Justin Zeitchik, Corey Haynes, and Thomas Ventura from Investment Property Realty Group (IPRG).
Players
Market 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
2.92%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93