Feldman Family Sells Multifamily Asset In Williamsburg For $17.5M
SOLD
$9,300,000
New York
See Similar DealsMultiFamily74,950 SF
Sold 05/12/2020
SOLD
Feldman Family Sells Multifamily Asset In Williamsburg For $17.5M
205 North 7th Street
See Similar DealsMultiFamily74,950 SF
Sold 05/12/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:74,950 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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