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231 N 5th St Brooklyn, NY 1...

Edward Jachemczyk Sells Williamsburg Multifamily For $3.1M With Paul Youssef - FTS Capital
SOLDMultiFamily

Edward Jachemczyk Sells Williamsburg Multifamily For $3.1M With Paul Youssef - FTS Capital

231 N 5th St Brooklyn, NY 11211, USA

$3,100,000

$738/SF

Building Size

4,200 SF

Asset Type

MultiFamily

Closing

Jul 20, 2023

AI

The property involved in this transaction is a multifamily building located at 231 North 5th Street in Williamsburg. The property consists of 6 units with a total square footage of 4,200. The sale price for this asset was $3,100,000, resulting in an average price per unit of $516,667 and a price per square foot of $738.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Address: 231 North 5th Street
  • Market: Williamsburg
  • Seller: Edward Jachemczyk
  • Broker: Paul Youssef - FTS Capital

Paul Youssef, a representative of FTS Capital, served as the broker in this transaction. The sale of the property was facilitated by Edward Jachemczyk as the seller. These key individuals played pivotal roles in the successful completion of the deal.

Players

Paul Youssef

FTS Capital

Broker

$104.2M

vol

21 deals

Broker

New York 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93