Updated Dec 19, 2023
Ari Harkov's Team Acquires Multifamily Property On Withers Street In Williamsburg For $4.1M
47 Withers Street, Williamsburg, Brooklyn, NY, USA
$4,085,000
$833/SF
Building Size
4,900 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
About this deal
AI
Located in Williamsburg, the multifamily property at 47 Withers Street has recently been sold. The property, with a total area of 4,900 square feet, is classified as a 2B tax class. The transaction was facilitated by Joseph Rosenfeld, Baruch Edelkopf, and Schuckman Realty Inc on the seller's side, while the buyer was represented by Ari Harkov from The Harkov Lewis Team. The property was listed for $4,200,000 and ultimately sold for $4,085,000, resulting in a price per square foot of $833. Notably, the property had previously been sold in December 2014 for $1,550,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,085,000
- Address: 47 Withers Street, Williamsburg
- Market: Williamsburg
- Tax Class: 2B
Ari Harkov from The Harkov Lewis Team represented the buyer in this transaction, while Joseph Rosenfeld, Baruch Edelkopf, and Schuckman Realty Inc represented the seller. The property, with its prime location in the vibrant Williamsburg neighborhood, attracted significant attention in the market. This successful sale is a testament to the value and appeal of this multifamily asset in Williamsburg.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Joseph Rosenfeld to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.88%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93