Largo Investments Acquires Williamsburg Multifamily For $31.8M
SOLD
New York
See Similar DealsMultiFamily713,920 SF
Sold 01/30/2020
SOLD
Largo Investments Acquires Williamsburg Multifamily For $31.8M
185 S 4th St, Brooklyn, NY 11211, USA
See Similar DealsMultiFamily713,920 SF
Sold 01/30/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$44
Total Square Footage:713,920 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,696,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$112,978.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$150,748.22
Annual Debt Service$1,808,978.68
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