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304 Graham Ave Brooklyn, NY...

The Lai Family Acquires Multifamily Property On Graham Avenue In East Williamsburg For $2.55M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

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