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461 Lorimer Street

GFI Realty Services Brokers $3.3M Sale Of 5-unit Multifamily Property In Williamsburg, Brooklyn
SOLDMultiFamily

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

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.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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