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

Property Image
SOLD
$3,100,000

New York

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MultiFamily4,200 SF
Sold 07/20/2023
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Property Image
SOLD

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

231 N 5th St Brooklyn, NY 11211, USA

See Similar Deals
MultiFamily4,200 SF
Sold 07/20/2023
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$738
Total Square Footage:4,200 SF
Transaction Type:Sale

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
Paul Youssef
21 deals$104.2M volume(631) 245-2726
BROKER

Details

SOLD
IMAGE: Paul Youssef DATE: 07/20/2023 ADDRESS: 231 North 5th Street MARKET: Williamsburg ASSET TYPE: Multifamily SELLER: Edward Jachemczyk BROKER: Paul Youssef (@PYoussef_) - FTS Capital SALE PRICE: $3,100,000 UNITS: 6 ~ PPU: $516,667 SF: 4,200 ~ PPSF: $738

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
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