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Robert Davoodzadeh Acquires Multifamily Property In Williamsburg, Brooklyn For $7.1M From Seller BCB Property Management

Property Image
SOLD
$7,100,000
RD
AC

New York

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MultiFamily18,519 SF
Sold 05/11/2023
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Property Image
SOLD

Robert Davoodzadeh Acquires Multifamily Property In Williamsburg, Brooklyn For $7.1M From Seller BCB Property Management

380 S 4th St Brooklyn, Ny 11211, Usa

See Similar Deals
MultiFamily18,519 SF
Sold 05/11/2023
RD
AC
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$383
Total Square Footage:18,519 SF
Transaction Type:Sale

Robert Davoodzadeh has purchased a multifamily property located at 380 S 4th Street in Williamsburg, Brooklyn. The property is a 30-unit residential walkup building (C7). The sale price for this transaction was $7,100,000, with a square footage of 18,519 and a price per square foot of $383. The seller of the property was BCB Property Management, led by Deborah Lee Charatan and Anthony J. Cornicello.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,100,000
  • Address: 380 S 4th Street, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Buyer: Robert Davoodzadeh
  • Seller: BCB Property Management - Deborah Lee Charatan & Anthony J. Cornicello
  • Square Footage: 18,519
  • Price per Square Foot: $383

Note: Robert Davoodzadeh acquired the 30-unit residential walkup building at 380 S 4th St in Williamsburg, Brooklyn for $7.1 million from BCB Property Management, led by Deborah Lee Charatan and Anthony J. Cornicello.

Players

RD
Robert Davoodzadeh
2 deals$9.4M volume
BUYER
AC
Anthony J. Cornicello
4 deals$15M volume
SELLER

Details

SOLD
IMAGE: Deborah Lee Charatan DATE: 05/11/2023 ADDRESS: 380 S 4th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BUYER: Robert Davoodzadeh SELLER: BCB Property Management (@BCBPropertyManagement) - Deborah Lee Charatan & Anthony J. Cornicello SALE PRICE: $7,100,000 SF: 18,519 ~ PPSF: $383 NOTE: Robert Davoodzadeh acquired a 30-unit residential walkup building (C7) located at 380 S 4th St in Williamsburg, Brooklyn, for $7.1 million from BCB Property Management led by Deborah Lee Charatan.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$378,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47