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Investment Property Realty Group (IPRG) Sells Multifamily In Williamsburg, Brooklyn For $5.4M

Property Image
SOLD
$5,432,702
Luke Sproviero
Justin Zeitchik
Derek Bestreich
+ 2

New York

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MultiFamily4,525 SF
Sold 03/24/2023
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Property Image
SOLD

Investment Property Realty Group (IPRG) Sells Multifamily In Williamsburg, Brooklyn For $5.4M

195 Meserole Street

See Similar Deals
MultiFamily4,525 SF
Sold 03/24/2023
Luke Sproviero
Justin Zeitchik
Derek Bestreich
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,200
Total Square Footage:4,525 SF
Transaction Type:Sale

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

Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Justin Zeitchik
Investment Property Realty Group (IPRG)
Justin Zeitchik
50 deals$254.9M volume(718) 360-8827
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Ari Harkov
Brown Harris Stevens
Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER
EA
Eden Ashourzadeh
36 deals$116.7M volume
SELLER
EA
Eden Ashourzadeh
36 deals$116.7M volume
SELLER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Justin Zeitchik & Ari Harkov DATE: 03/24/2023 ADDRESS: 195 Meserole Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily SELLER: @edenashourzadeh BUYER'S REP: Ari Harkov (@AriHarkov) - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Derek Bestreich, Luke Sproviero (@lukesproviero), Donal Flaherty (@donalflaherty1) , Justin Zeitchik, Corey Haynes (@corey_haynes), & Thomas Ventura (@tom_ventura29) - Investment Property Realty Group (IPRG) (@iprg_ny) SALE PRICE: $5,432,702 UNITS: 5 ~ PPU: $1,086,540 SF: 4,125 ~ PPSF: $1,317

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$19,301.25
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