facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

185 S 4th St, Brooklyn, NY ...

Largo Investments Acquires Williamsburg Multifamily For $31.8M
SOLDMultiFamily

Largo Investments Acquires Williamsburg Multifamily For $31.8M

185 S 4th St, Brooklyn, NY 11211, USA

$31,800,000

$44/SF

Building Size

713,920 SF

Asset Type

MultiFamily

Closing

Jan 29, 2020

AI

The multifamily property located at 185 South 4th Street in Williamsburg has been sold for a total price of $31,800,000. The property spans across 71,392 square feet, with each square foot being valued at $445. Featuring a total of 42 units, the price per unit comes to $755,952. The buyer of the property is Largo Investments, represented by Nissim Ben-Nun and Nicholas Werner. On the other hand, Juda Rosenfeld acted as the seller in this transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $31,800,000
  • Address: 185 South 4th Street, Williamsburg
  • Square Footage: 71,392
  • Price per Square Foot: $445
  • Number of Units: 42
  • Price per Unit: $755,952

The buyer of the property, Largo Investments, was represented by Nissim Ben-Nun and Nicholas Werner. Meanwhile, Juda Rosenfeld acted as the seller in this transaction.

Players

Nissim Ben-Nun

Largo Investments

Buyer

$31.8M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93