facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

205 North 7th Street

Feldman Family Sells Multifamily Asset In Williamsburg For $17.5M
SOLDMultiFamily

Feldman Family Sells Multifamily Asset In Williamsburg For $17.5M

205 North 7th Street

$9,300,000

$124/SF

Building Size

74,950 SF

Asset Type

MultiFamily

Closing

May 11, 2020

AI

The multifamily property located at 65 & 83 Roebling Street in Williamsburg was recently sold for $17,500,000. The property consists of 55 units, with an average price per unit of $318,182. The total square footage of the property is 52,797, resulting in a price per square foot of $331.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,500,000
  • Address: 65 & 83 Roebling Street
  • Market: Williamsburg
  • Units: 55
  • Price per Unit: $318,182
  • Square Footage: 52,797
  • Price per Square Foot: $331

The sale was facilitated by John Barney & Greg Melanson from Weber Frank. They represented the seller, Feldman Family, in the transaction.

Players

Feldman Family

Seller

$30.7M

vol

3 deals

Seller

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93