Updated Dec 4, 2024
Trinity Place Holdings & TF Cornerstone Acquire Williamsburg Multifamily For $138M
250 N 10th St, Brooklyn, NY 11211, USA
$138,000,000
$92/SF
Building Size
1,500,000 SF
Asset Type
MultiFamily
Closing
Dec 3, 2019
About this deal
AI
The multifamily property located at 250 N. 10th Street in Williamsburg, Brooklyn has been sold for a total of $138,000,000. The property spans across 158,000 square feet, resulting in a price per square foot of $873. It consists of 234 units, with an average price per unit of $589,743.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $138,000,000
- Square Footage: 158,000
- Price per Square Foot: $873
- Number of Units: 234
- Price per Unit: $589,743
- Market: Williamsburg, Brooklyn
The seller of the property was Nuveen, while Trinity Place Holdings and TF Cornerstone emerged as the buyers. The transaction was facilitated by the brokers at JLL NY Capital Markets.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93