Updated Dec 20, 2023
Itzhaki Acquires Williamsburg Multi-Family Property For $13M
431 Wythe Ave, Brooklyn, NY 11249, USA
Building Size
19,200 SF
Asset Type
MultiFamily
Closing
Jul 8, 2018
About this deal
AI
A multi-family property in Williamsburg, Brooklyn has been sold for a total price of $13,000,000. The property, located at 431-433 Wythe Avenue, 313 South 4th Street, and 332 Rodney Street, spans a total of 19,200 square feet, with an average price per square foot of $675. The property consists of 35 units, including 33 residential units and 2 retail spaces.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $13,000,000
- Square Footage: 19,200 sqft
- Price per Square Foot: $675
- Address: 431-433 Wythe Avenue, 313 South 4th Street, 332 Rodney Street
- Market: Williamsburg/Brooklyn
- City: New York
The seller of the property is Wilfredo Correa, and the buyer is Itzhaki.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93