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195 Meserole Street

Updated Sep 9, 2024

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

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

About this deal

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).

On the Map

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$5,432,702

$1,200/SF

MultiFamily

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Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

320 deals

Broker

Eden Ashourzadeh

Seller

$128.1M

vol

44 deals

Seller
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Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $5.4M for 4,525 square feet (2023).

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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

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