Nathan Obstfeld Acquires Multifamily Property In Gowanus For $1.75M
481 Warren Street, Brooklyn, New York 11217, United States
$1,750,000
$297/SF
Building Size
5,880 SF
Asset Type
MultiFamily
Closing
Jan 21, 2022
AI
A multifamily property located at 481 Warren Street in Gowanus has recently been sold for a price of $1,750,000. The transaction took place on 01/21/2022. The property comprises 9 units, with an average price per unit of $194,444. The total square footage of the property is 5,880, resulting in a price per square foot of $297. The sale was facilitated by Sam Eliakamal from Eliak Equities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Date: 01/21/2022
- Address: 481 Warren Street
- Market: Gowanus
- Units: 9
- Price per Unit: $194,444
- Square Footage: 5,880
- Price per Square Foot: $297
- Buyer: Nathan Obstfeld
- Seller: Roy Rodriguez
- Broker: Sam Eliakamal - Eliak Equities
Nathan Obstfeld purchased the property from Roy Rodriguez for $1,750,000. The deal was facilitated by Sam Eliakamal from Eliak Equities.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93