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
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