Updated Sep 9, 2024
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
About this deal
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.
On the Map
$9,333,000
$488/SF
MultiFamily
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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