Updated Dec 21, 2023
William Lika Acquires Multifamily Property On Union Avenue In Williamsburg, Brooklyn For $5.5M
621 Union Avenue, Brooklyn, New York 11211, United States
$5,500,000
$1,331/SF
Building Size
4,131 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
About this deal
AI
A multifamily property located at 621-623 Union Avenue in Williamsburg, Brooklyn has been sold for $5,500,000. The property spans 6,173 square feet and has a price per square foot of $890.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- SF: 6,173
- PPSF: $890
- Address: 621-623 Union Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyer of this multifamily property is William Lika. The deal was facilitated by Sean R. Kelly & Benjamin Vago from Ariel Property Advisors, who represented the buyer in the transaction.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93