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319 Hooper Street, Brooklyn...

Jonathan Wiener Acquires 319 Hooper Street In Williamsburg, Brooklyn For $7.8M
SOLDMultiFamily

Jonathan Wiener Acquires 319 Hooper Street In Williamsburg, Brooklyn For $7.8M

319 Hooper Street, Brooklyn, New York 11211, United States

$7,758,883

$333/SF

Building Size

23,292 SF

Asset Type

MultiFamily

Closing

Dec 7, 2021

AI

The multi-family property located at 319 Hooper Street in Williamsburg, Brooklyn was recently sold for a price of $7,758,883. This property, with a lot size of 4,700 square feet and a zoning classification of R6, features a building square footage (BSF) of 11,421, equating to a price per BSF of $679. The total square footage (SF) of the property is 23,292, with a price per SF of $333. The lot dimensions measure 93.5 ft x 50 ft. The previous recorded sale of this property took place on December 27, 2013, with a sale price of $0.

Summary of transation details

  • Property Type: Multi Family
  • Transaction Amount: $7,758,883
  • Market: Williamsburg, Brooklyn
  • Zoning: R6

In this transaction, the buyer of the property was Jonathan Wiener, while the seller was Morris Joseph Knoll. The property's floor area ratio (FAR) is 4.96, and it falls under tax class 2.

NOTE: No additional information was provided about any brokers or representatives involved in this deal.

Players

Jonathan Wiener

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

Morris Joseph Knoll

Seller

$65.3M

vol

10 deals

Seller

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

2.04%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93