Updated Dec 20, 2023
Eitan Fraiman Acquires Multifamily Property In Williamsburg, Brooklyn For $1.5M
175 Conselyea Street, Williamsburg, Brooklyn, NY, USA
$1,500,000
$583/SF
Building Size
2,571 SF
Asset Type
MultiFamily
Closing
Dec 16, 2020
About this deal
AI
Located in Williamsburg, Brooklyn, the multifamily property at 175 Conselyea Street recently changed hands in a closed sale transaction. The deal was finalized on December 17, 2020, with a purchase price of $1,500,000. Spanning across 2,571 square feet, the property features three units, resulting in a price per square foot of $583. The buyer of the property was Eitan Fraiman, while the seller was Linda Delia. The transaction was facilitated by the brokers Derek Bestreich, Luke Sproviero, and Hakeem Lecky from Bestreich Realty Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 175 Conselyea Street
- Market: Williamsburg, Brooklyn
- Asset Type: Multifamily
- Zoning: R6B
- Square Footage: 2,571
- Units: 3
- PPSF: $583
- PPU: $500,000
Eitan Fraiman emerged as the successful buyer of the property, while Linda Delia acted as the seller. The deal was made possible through the efforts of brokers Derek Bestreich, Luke Sproviero, and Hakeem Lecky from Bestreich Realty Group. Their expertise in the local market played a crucial role in facilitating the transaction smoothly.
Players
New York 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93