Nicolas Aaron Dayan Acquires Apartment Building In Williamsburg, Brooklyn For $10.8M
583 Lorimer Street, Brooklyn, New York 11211, United States
$10,800,000
$1,252/SF
Building Size
8,625 SF
Asset Type
MultiFamily
Closing
Jan 27, 2022
AI
The property at 583 Lorimer Street in Williamsburg, Brooklyn has been sold in a recent transaction. The apartment building is located in an area zoned as R7A, R6B, and C2-4. The sale took place on January 28, 2022. The buyer, Nicolas Aaron Dayan, acquired the property from the seller, Daniel Cohen. The transaction was completed for a price of $10,800,000.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $10,800,000
- Address: 583 Lorimer Street, Williamsburg, Brooklyn
- Zoning: R7A, R6B, C2-4
The apartment building has a building square footage (BSF) of 10,000, which translates to a price per BSF (PPBSF) of $1,080. The total lot size is 2,500 square feet, with dimensions of 25 ft x 100 ft. The building itself spans 8,625 square feet, resulting in a price per square foot (PPSF) of $1,252.17. The property's floor-area ratio (FAR) is 3.45.
In addition to the sale information, it is worth noting that the property had a previous sale in 2013, where it was sold for $2,250,000 on August 28.
Players
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93