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
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