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
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93