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380 S 4th St Brooklyn, Ny 1...

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

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

380 S 4th St Brooklyn, Ny 11211, Usa

$7,100,000

$383/SF

Building Size

18,519 SF

Asset Type

MultiFamily

Closing

May 11, 2023

AI

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

Robert Davoodzadeh

Buyer

$9.4M

vol

2 deals

Buyer

Anthony J. Cornicello

Seller

$15M

vol

4 deals

Seller

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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93