Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn
387 South 4th Street, Brooklyn, New York 11211, United States
$7,705,584
$313/SF
Building Size
24,600 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
AI
The multi-family property located at 387 South 4 Street in Williamsburg, Brooklyn has been sold. The property is zoned as R6 and has a total floor area ratio (FAR) of 5.18. The lot size is 4,750 square feet with dimensions of 50 ft x 95 ft. The property consists of 11,542 square feet of buildable space (BSF) with a price per buildable square foot (PPBSF) of $668. The total square footage of the property is 24,600 with a price per square foot (PPSF) of $313. The previous sale of the property took place on December 27, 2013, for a price of $0.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $7,705,584
- Market: Williamsburg, Brooklyn
- Buyer: Jonathan Wiener
- Seller: Morris Joseph Knoll & Yosefa Knoll
The buyer in this transaction is Jonathan Wiener, while the sellers are Morris Joseph Knoll and Yosefa Knoll. The price paid for the property was $7,705,584. The property has a tax class of 2.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93