Noah Pryor Acquires Multifamily Property In Williamsburg, Brooklyn For $1.925M
240 Jackson Street, Brooklyn, NY 11211, USA
$1,925,000
$668/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
Located at 240 Jackson St. in the Williamsburg neighborhood of Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans a total of 2,880 square feet and was sold for a price of $1,925,000, resulting in a price per square foot of $668. The sale took place on 10/13/2021 and involved a buyer named Noah Pryor and a seller named Marie Reilly.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Square Footage: 2,880
- Market: Williamsburg, Brooklyn
The transaction was facilitated by brokers Robert Napolitano and Jessie Lookfong from Capri Jet Realty, along with Andrew Vidokle from legranRealEstate. Together, they represented the buyer and seller in the deal.
It's worth noting that the property was sold for $125,000 over the asking price, showcasing the strong demand and competitive nature of the real estate market in the area.
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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93