Updated Feb 14, 2025
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
About this deal
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.
On the Map
$10,550,254
$274/SF
MultiFamily
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Players
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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