Updated Sep 5, 2024
The Lai Family Acquires Multifamily Property On Graham Avenue In East Williamsburg For $2.55M
304 Graham Ave Brooklyn, NY 11211, USA
$2,550,000
$713/SF
Building Size
3,576 SF
Asset Type
MultiFamily
Closing
Jun 23, 2023
About this deal
AI
The multifamily property located at 304 Graham Avenue in East Williamsburg, Brooklyn has been sold for a total price of $2,550,000. This transaction was completed on 06/23/2023. The property consists of three units with an average price per unit of $850,000. The total square footage of the property is 3,576, resulting in a price per square foot of $713.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 304 Graham Avenue
- Market: East Williamsburg, Brooklyn
- Units: 3
- Price per Unit: $850,000
- Square Footage: 3,576
- Price per Square Foot: $713
The Lai Family acquired the property as the buyer in this transaction. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93