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240 Jackson Street, Brookly...

Noah Pryor Acquires Multifamily Property In Williamsburg, Brooklyn For $1.925M
SOLDMultiFamily

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

Jessie Lookfong

Capri Jet Realty

Broker

$30.4M

vol

14 deals

Broker
Elegran Real Estate
Elegran Real EstateBrokerage

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