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481 Warren Street, Brooklyn...

Nathan Obstfeld Acquires Multifamily Property In Gowanus For $1.75M
SOLDMultiFamily

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

Sam Eliakamal

Broker

$4.3M

vol

2 deals

Broker

Nathan Obstfeld

Palladium Property Group

Buyer

$5M

vol

4 deals

Buyer

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93