Yoon Han Acquires Multi-Family Property In Williamsburg, Brooklyn For $1.75M
221 Roebling St, Brooklyn, NY 11211, USA
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Mar 8, 2018
AI
A multi-family property located at 221 Roebling Street in New York's Williamsburg neighborhood was sold for a price of $1,750,000. The property spans 1,800 square feet, resulting in a price per square foot of $972. The seller of the property was the Medina Family Trust, while the buyer was Yoon Han and Hye. The deal was facilitated by two brokers - Daniel Barcelowsky at Evergreen Realty & Investments represented the seller, and Ed Cho at Space Marketing Shop represented the buyer.
Summary of transation details
- Property Type: Multi-Family
- Transaction Amount: $1,750,000
- Property Area: 1,800 sq ft
- Price per Square Foot: $972
- Seller: Medina Family Trust
- Buyer: Yoon Han, Hye
- Seller's Broker: Daniel Barcelowsky - Evergreen Realty & Investments
- Buyer's Broker: Ed Cho - Space Marketing Shop
The sale of the multi-family property on 221 Roebling Street in Williamsburg, Brooklyn was successfully completed. Daniel Barcelowsky of Evergreen Realty & Investments and Ed Cho of Space Marketing Shop played key roles as the respective brokers for the seller and buyer, facilitating the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93