Moshe Kohen Acquires Multifamily Property In Williamsburg, Brooklyn For $9.3M
203 N 8th St Brooklyn, Ny 11211, Usa
$9,333,000
$488/SF
Building Size
19,100 SF
Asset Type
MultiFamily
Closing
May 8, 2023
AI
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.
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
1.70%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93