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234 Washington Avenue

Updated Mar 11, 2025

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

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

234 Washington Avenue

$4,500,000

$1,000/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

Dec 19, 2024

About this deal

AI

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.

On the Map

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$4,500,000

$1,000/SF

MultiFamily

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Players

Michel Ohana

The Corcoran Group

Broker

$11M

vol

2 deals

Broker
Serhant
SerhantBrokerage
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $4.5M for 4,500 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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