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
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93