facebook
Traded Co logo
Submit

Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn

Property Image
SOLD
$7,363,419

New York

See Similar Deals
MultiFamily21,300 SF
Sold 12/08/2021
the dealplayerscompscontact
Property Image
SOLD

Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn

360 South 1st Street, Brooklyn, New York 11211, United States

See Similar Deals
MultiFamily21,300 SF
Sold 12/08/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$345
Total Square Footage:21,300 SF
Transaction Type:Sale

The property asset involved in this transaction is a multi-family building located at 360 South 1 Street in Williamsburg, Brooklyn. The sale occurred on December 8, 2021, with a transaction amount of $7,363,419. The building has a total square footage of 21,300 and a building square footage of 12,928, which yields a price per square foot of $346 and a price per building square foot of $570. The zoning designation for this asset is R6, C2-3 and it sits on a lot size of 5,320 with dimensions of 56 ft x 95 ft.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $7,363,419
  • Address: 360 South 1 Street
  • Market: Williamsburg, Brooklyn
  • Building Square Footage (BSF): 12,928
  • Price per Building Square Foot (PPBSF): $570
  • Total Square Footage (SF): 21,300
  • Price per Square Foot (PPSF): $346
  • Floor Area Ratio (FAR): 4.00
  • Tax Class: 2
  • Lot Size: 5,320
  • Last Sale Price: $0 (11/15/2021)
  • Lot Dimension: 56 ft x 95 ft

The key individuals involved in this transaction include the buyer, Jonathan Wiener, and the seller, Morris Joseph Knoll. They were pivotal in executing this real estate deal within the Williamsburg market, further defined by the detailed financial settings of the transaction.

Players

Jonathan Wiener
24 deals$165.6M volume
BUYER

Details

SOLD
IMAGE: 12/08/2021 ADDRESS: 360 South 1 Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multi Family ~ ZONING: R6, C2-3 BUYER: Jonathan Wiener SELLER: Morris Joseph Knoll PRICE: $7,363,419 BSF: 12,928 ~ PPBSF: $570 SF: 21,300 ~ PPSF: $346 FAR: 4.00 TAX CLASS: 2 LOT SIZE: 5,320 LAST SALE PRICE: $0 (11/15/2021) LOT DIMENSION: 56 ft x 95 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$392,715.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,160.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,906.36
Annual Debt Service$418,876.35