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217 S 4th St Brooklyn, Ny 1...

GW Equities Acquires Multifamily Property In Williamsburg, Brooklyn For $6.4M
SOLDMultiFamily

GW Equities Acquires Multifamily Property In Williamsburg, Brooklyn For $6.4M

217 S 4th St Brooklyn, Ny 11211, Usa

$6,400,000

$659/SF

Building Size

9,700 SF

Asset Type

MultiFamily

Closing

Aug 2, 2023

AI

The multifamily property located at 217-219-221 South 4th St in Williamsburg, Brooklyn has been sold for a price of $6,400,000. This property consists of 8 units, with a per unit price of $800,000. The total square footage of the property is 9,700, resulting in a price per square foot of $660.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,400,000
  • Units: 8
  • Price Per Unit: $800,000
  • Square Footage: 9,700
  • Price Per Square Foot: $660
  • Market: Williamsburg, Brooklyn

The buyer of the property is GW Equities, represented by Barry Wagschal and Abe Garbo. On the other hand, the sellers are Choi Lim, Mee Yuet Lim, and King Yau.

Players

Barry Wagschal

GW Equities

Buyer

$28M

vol

7 deals

Buyer

Standard City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93