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
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