Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn For $10.5M
390 Hooper Street, Brooklyn, New York 11211, United States
$10,550,254
$274/SF
Building Size
38,505 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
AI
A multifamily property located at 390 Hooper Street in the Williamsburg neighborhood of Brooklyn has recently been sold. The property is zoned as R6 and is situated on a lot with dimensions of 95 ft x 75.5 ft, totaling a size of 7,172 square feet. The property has a floor area ratio (FAR) of 5.37 and falls under tax class 2. The last recorded sale of this property was on January 22, 1985, for a price of $0.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $10,550,254
- Buyer: Jonathan Wiener
- Seller: Morris Joseph Knoll
- Building Square Footage: 38,505
- Price per Square Foot: $274
- Lot Size: 7,172 square feet
- Last Sale Price: $0 (1/22/1985)
The buyer in this transaction is represented by Jonathan Wiener. The deal was facilitated by Morris Joseph Knoll, who acted as the seller's representative.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93