Updated Oct 29, 2024
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
About this deal
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.
On the Map
$6,400,000
$659/SF
MultiFamily
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Players
Standard City 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93