Updated Sep 9, 2024
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
About this deal
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.
On the Map
$2,764,500
$1,156/SF
MultiFamily
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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