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322 Graham Ave, Brooklyn, N...

Vincent Wong Acquires Multi Family Property On Graham Avenue In Williamsburg, Brooklyn
SOLDMultiFamily

Vincent Wong Acquires Multi Family Property On Graham Avenue In Williamsburg, Brooklyn

322 Graham Ave, Brooklyn, NY 11211, USA

$2,764,500

$1,156/SF

Building Size

2,390 SF

Asset Type

MultiFamily

Closing

Sep 16, 2018

AI

Located at 354 Graham Avenue in Williamsburg, Brooklyn, this multi-family property was sold on November 12, 2021. The property is zoned as R7A and C2-4, allowing for multiple uses. The transaction involved a total sale price of $3,400,000.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $3,400,000
  • Market: Williamsburg, Brooklyn
  • Zoning: R7A, C2-4

Vincent Wong purchased the property from Michael Vaglica. The property offers a building square footage (BSF) of 11,000, equating to a price per BSF of $309. The property has a total area of 4,125 square feet, resulting in a price per square foot (PPSF) of $824.

The property has a floor area ratio (FAR) of 1.50 and falls under tax class 2A. It sits on a lot with a size of 2,750 square feet, with dimensions measuring 27.5 feet by 100 feet. The previous recorded sale of the property took place on June 10, 2004, at a price of $850,000.

Players

Christopher J. Calabrese

The CS Organization

Broker

$24.6M

vol

17 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

5.74%

Cash-on-Cash

-1.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93