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Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn

Property Image
SOLD
$7,705,584
MK
Jonathan Wiener

New York

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MultiFamily24,600 SF
Sold 12/08/2021
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Property Image
SOLD

Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn

387 South 4th Street, Brooklyn, New York 11211, United States

See Similar Deals
MultiFamily24,600 SF
Sold 12/08/2021
MK
Jonathan Wiener
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$313
Total Square Footage:24,600 SF
Transaction Type:Sale

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

Jonathan Wiener
Chestnut Holdings
Jonathan Wiener
24 deals$165.6M volume
BUYER
MK
Morris Joseph Knoll
10 deals$65.3M volume
SELLER

Details

SOLD
IMAGE: 12/08/2021 ADDRESS: 387 South 4 Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multi Family ~ ZONING: R6 BUYER: Jonathan Wiener SELLER: Morris Joseph Knoll & Yosefa Knoll PRICE: $7,705,584 BSF: 11,542 ~ PPBSF: $668 SF: 24,600 ~ PPSF: $313 FAR: 5.18 TAX CLASS: 2 LOT SIZE: 4,750 LAST SALE PRICE: $0 (12/27/2013) LOT DIMENSION: 50 ft x 95 ft

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

$410,964.49

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,376.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,528.40
Annual Debt Service$438,340.79