Updated Dec 20, 2023
Gregory Uckele Acquires Multifamily Property On North 5th Street, Williamsburg For $3.1M
195 North 5th Street, Brooklyn, New York 11211, United States
$3,100,000
$1,423/SF
Building Size
2,178 SF
Asset Type
MultiFamily
Closing
Mar 23, 2022
About this deal
AI
The multifamily property located at 195 North 5th Street in Williamsburg, Brooklyn has been sold for a price of $3,100,000. The property has a building square footage (BSF) of 2,904, resulting in a price per BSF (PPBSF) of $1,067. The total square footage (SF) of the property is 2,178, with a price per SF (PPSF) of $1,423. The lot size of the property is 2,200, with dimensions of 25 ft x 100 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- BSF: 2,904
- PPBSF: $1,067
- SF: 2,178
- PPSF: $1,423
- Address: 195 North 5th Street
- Market: Williamsburg, Brooklyn
- Lot Size: 2,200
- Lot Dimensions: 25 ft x 100 ft
Gregory Uckele has purchased the property from Erica Marks. Both parties were represented by their respective brokers.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93