Updated Sep 9, 2024
The Chan Family Sells Multifamily Property In Williamsburg For $4.8M With Buyer's Rep Ari Harkov & Seller's Rep Michael Sherman
236 North 5th Street
$4,832,487
$1,589/SF
Building Size
3,040 SF
Asset Type
MultiFamily
Closing
Aug 22, 2022
About this deal
AI
The multifamily property located at 236 N. 5th St. in Williamsburg has been sold. The property consists of 4 units, with a total square footage of 3,040. The sale price for the property was $4,832,487, resulting in a per unit price of $1,208,121. The price per square foot was $1,589.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,832,487
- Units: 4
- Per Unit Price: $1,208,121
- Square Footage: 3,040
- Price Per Square Foot: $1,589
The seller of the property was the Chan Family. The buyer's representative in the transaction was Ari Harkov of the Harkov Lewis Team from Brown Harris Stevens. Michael Sherman, from Baseline Real Estate Advisors, represented the seller in 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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93