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390 Hooper Street, Brooklyn...

Jonathan Wiener Acquires Multi Family Property In Williamsburg, Brooklyn For $10.5M
SOLDMultiFamily

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

Jonathan Wiener

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

Morris Joseph Knoll

Seller

$65.3M

vol

10 deals

Seller

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