Atlas Realty Group Partners Acquires Williamsburg Multifamily Portfolio For $6.6M
175 Hopkins Street, Brooklyn, New York 11206, United States
$6,575,000
$442/SF
Building Size
14,850 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
AI
The multifamily property located at 175, 177, and 179 Hopkins Street in Williamsburg has been sold for a price of $6,575,000. The property consists of 20 units, with an average price per unit of $328,750. The total square footage of the property is 14,850, resulting in a price per square foot of $442. The transaction took place on December 27, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,575,000
- Units: 20
- Price per Unit: $328,750
- Square Feet: 14,850
- Price per Square Foot: $442
- Market: Williamsburg
The seller of the property was The Zebuda Family. The transaction was facilitated by Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Sam Schwartz, who are representatives from Atlas Realty Group Partners LLC. They acted as brokers in the deal. These individuals played a crucial role in the successful completion of the transaction.
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
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93