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Thomas Aulet & Zachary Shurden Acquire Multifamily Asset At 234 Washington Avenue Brooklyn For $4.525M

Property Image
SOLD
$4,500,000

New York

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MultiFamily4,500 SF
Sold 12/19/2024
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Property Image
SOLD

Thomas Aulet & Zachary Shurden Acquire Multifamily Asset At 234 Washington Avenue Brooklyn For $4.525M

234 Washington Avenue

See Similar Deals
MultiFamily4,500 SF
Sold 12/19/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:4,500 SF
Transaction Type:Sale

This multifamily property located at 234 Washington Avenue in Brooklyn features a total square footage of 4,500. It was listed for an asking price of $4,500,000 and successfully sold for $4,525,000, translating to a price per square foot of $1,006.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,525,000
  • Address: 234 Washington Avenue
  • Market: Brooklyn
  • Asking Price: $4,500,000
  • Square Footage: 4,500
  • Price Per Square Foot: $1,006
  • Buyers: Thomas Aulet & Zachary Shurden
  • Seller's Representative: Michel Ohana - The Corcoran Group
  • Buyer's Representative: Sophia Guinchard - Serhant

The transaction was conducted under the guidance of Michel Ohana representing the seller and Sophia Guinchard representing the buyers. Note from the broker indicates this was another successful transaction, resulting in satisfactory outcomes for the seller, who received a deal sold and closed over the asking price.

Players

Michel Ohana
2 deals$11M volume(347) 885-3535
BROKER

Sophia Guinchard
Serhant
1 deal$4.5M volume(832) 291-7342
BROKER

Serhant
BROKERAGE

Details

SOLD
IMAGE: Michel Ohana & Sophia Guinchard DATE: 12/19/2024 ADDRESS: 234 Washington Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Thomas Aulet & Zachary Shurden SELLER'S REP: Michel Ohana (@MichelOhanaNYC) - The Corcoran Group (@TheCorcoranGroup) BUYER'S REP: Sophia Guinchard (@SophiaGuinchard) - Serhant (@Serhant) ASKING PRICE: $4,500,000 SALE PRICE: $4,525,000 SF: 4,500 ~ PPSF: $1,006 NOTE FROM BROKER: Another successful transaction in the books, delivering satisfactory results to the seller with a deal sold and closed at Over the Asking price.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55