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221 Weirfield Street

Ariel Shalom Michael Shemesh And Elizabeth Borovinsky Sell Brooklyn Multifamily For $2.1 Million
SOLDMultiFamily

Ariel Shalom Michael Shemesh And Elizabeth Borovinsky Sell Brooklyn Multifamily For $2.1 Million

221 Weirfield Street

$2,100,000

$777/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Jan 17, 2025

AI

The property asset involved in this transaction is a multifamily building located at 221 Weirfield Street in Brooklyn. It was sold for a total of $2,100,000, which translates to a price per unit of $1,050,000. The building encompasses a total square footage of 2,700, yielding a price per square foot of $777.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 2
  • Square Footage: 2,700
  • Price per Unit: $1,050,000
  • Price per Square Foot: $777
  • Seller: Ariel Shalom, Michael Shemesh & Elizabeth Borovinsky
  • Broker: Nick Hovsepian - The Corcoran Group

The transaction featured prominent participants, including sellers Ariel Shalom, Michael Shemesh, and Elizabeth Borovinsky, who collectively represented the ownership of the property. Nick Hovsepian of The Corcoran Group acted as the broker in this transaction, facilitating the sale process for the sellers.

Players

Nick Hovsepian

The Corcoran Group

Broker

$67.8M

vol

9 deals

Broker

Brooklyn 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93