Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn For $6.4M
364 South 1st Street, Brooklyn, New York 11211, United States
$6,406,198
$300/SF
Building Size
21,300 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
AI
The multi-family property located at 364 South 1 Street in Williamsburg, Brooklyn was sold on December 8, 2021. The property is zoned as R6 and C2-3, allowing for residential and commercial use. With a building size of 12,928 square feet (BSF), the property offers a price per square foot (PPSF) of $301. The total lot size is 5,320 square feet, with dimensions of 56 ft x 95 ft. The property has a floor area ratio (FAR) of 4.00 and is classified as tax class 2.
Summary of Transaction Details
- Property Type: Multi Family
- Transaction Amount: $6,406,198
- Market: Williamsburg, Brooklyn
- Buyer: Jonathan Wiener
- Seller: Morris Joseph Knoll
- Building Size (BSF): 12,928
- Price per Square Foot (PPSF): $301
- Total Square Footage (SF): 21,300
- Lot Size: 5,320
- Last Sale Price: $0 (11/15/2021)
- Lot Dimensions: 56 ft x 95 ft
Jonathan Wiener, the buyer, acquired the property from Morris Joseph Knoll. The transaction price was $6,406,198. The property offers a price per building square foot (PPBSF) of $496. The previous sale of the property took place on November 15, 2021, for a price of $0. It is worth noting that no additional details were provided regarding the deal participants or the buyer's representative.
Players
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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93