Moshe Kohen Acquires Multifamily Property In Williamsburg, Brooklyn For $9.3M
SOLD
$9,333,000
New York
See Similar DealsMultiFamily19,100 SF
Sold 05/08/2023
SOLD
Moshe Kohen Acquires Multifamily Property In Williamsburg, Brooklyn For $9.3M
203 N 8th St Brooklyn, Ny 11211, Usa
See Similar DealsMultiFamily19,100 SF
Sold 05/08/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$488
Total Square Footage:19,100 SF
Transaction Type:Sale
Located at 203-205 North 8th Street in Williamsburg, Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans 19,100 square feet and consists of 16 units, resulting in an average price per unit of $583,313. The sale price for this asset was $9,333,000, equating to a price per square foot of $489.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $9,333,000
- Units: 16
- Price per Unit: $583,313
- Square Footage: 19,100
- Price per Square Foot: $489
- Market: Williamsburg, Brooklyn
The buyer in this transaction was Moshe Kohen. The deal was facilitated by brokers Greg Corbin, Chaya Milworn, and Felix Ades from Rosewood Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$497,760.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,158.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,243.18
Annual Debt Service$530,918.18
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