Updated Dec 4, 2024
GFI Realty Services Brokers $3.3M Sale Of 5-unit Multifamily Property In Williamsburg, Brooklyn
461 Lorimer Street
$3,300,000
$676/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Sep 21, 2023
About this deal
AI
Located in the market of Williamsburg, Brooklyn, the multifamily property at 461 Lorimer Street has recently been sold in a closed transaction. The property consists of 5 units with a total square footage of 4,875. The sale price for this asset was $3,300,000, resulting in a price per unit of $660,000 and a price per square foot of $677.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 5
- Price per Unit: $660,000
- Total Square Footage: 4,875
- Price per Square Foot: $677
- Market: Williamsburg, Brooklyn
The transaction was facilitated by Zachary Fuchs from GFI Realty Services, representing the parties involved in the deal.
On the Map
$3,300,000
$676/SF
MultiFamily
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Property Record
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Brooklyn 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93