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
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.
Players
Brooklyn 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93