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37 Frost Street

Alex Rabin & David Gomez Acquire Multifamily Property In Williamsburg For $2.8M
SOLDMultiFamily

Alex Rabin & David Gomez Acquire Multifamily Property In Williamsburg For $2.8M

37 Frost Street

$2,762,500

$669/SF

Building Size

4,125 SF

Asset Type

MultiFamily

Closing

Feb 5, 2024

AI

A multifamily property located at 37 Frost Street in Williamsburg, Brooklyn has been sold for a total price of $2,762,500. The property consists of 6 units with an average price per unit of $460,417. The total square footage of the property is 4,125.00, resulting in a price per square foot of $670.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,762,500
  • Units: 6
  • Price per Unit: $460,417
  • Total Square Footage: 4,125.00
  • Price per Square Foot: $670

The buyers of the property are , who represented Capital. The sale was facilitated by Benjamin Vago and Sean R. Kelly from Ariel Property Advisors.

Players

Sean R. Kelly, Esq.

Ariel Property Advisors

Broker

$540.8M

vol

57 deals

Broker

Brooklyn 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